Somali economy can benefit from it’s busy airspace to the tune of 9.3bn per year.
Somalia has a lot to offer foreign travelers, either for tourism purposes or, increasingly, business opportunities. African economies have, on the whole, been expanding in recent years, so increasing air links could have a transformational affect.
According to Aviation experts, journeys between countries in Asia and Africa are the fastest growing inter-continental routes and there is no reason why this should let up.
However, the relatively expensive transport costs currently being suffered by Somali businesses due to airspace regulation fees of other countries could have a detrimental impact in the long term and a disadvantage for Somali businesses and investments if mutually beneficial international agreements are not made by the Somali government soon.
It seems clear that Somali skies need to be regulated if the country is going to benefit from it’s busy airpace links. At the moment, there’s no restrictive fees placed on airlines travelling through Somalia’s airspace, which is an obvious hindrance to development and economic competitiveness
Somali Aviation experts have estimated that Revenues from the Somalia airspace alone could result in more than 150,000 jobs being created and add a staggering $9.3bn to overall GDP of the nation.
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