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DUBAI — With major new airports emerging from the desert and aircraft orders rolling in, the resource-rich Gulf is raising its stake in an industry forecast to boom in the decades ahead.As the International Air Transport Association's AGM takes place this week in Dubai —two years after it was held in Qatar—billions of dollars are being poured into aviation around the wealthy region.
The Gulf "is a unique region due to its geography. In an eight-hour flight, we can reach 80 percent of the world's population," explained Stan Deal, then head of Boeing's commercial aircraft division, late last year.'A ton of growth'While Asia is expected to drive the rise in global passenger traffic, the Gulf expects to benefit, lying just a short hop from the growing markets of South Asia.
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