The Middle East’s private jet market is valued at $566 million, and is expected to grow to $943 million by 2029, according to advisory firm Creative Zone. While the number of private flights in Europe and the US may be greater, the pace of growth in the Middle East and emerging markets like India is unmatched, says Youssef Mouallem, executive vice president of International for global private aviation firm Vista. “You’ve got ultra-high net worth individuals coming into the region,” Mouallem said. “But they’re also bringing with them their corporate headquarters or head offices. So you’re getting this double effect.”
