According to Falcon Eye Drones (FEDS), the Middle East’s leading provider of DT^3 (Drone Technology, Data Technology, and Digital Transformation) technology, expressed that Dubai’s new drone law will position the emirate as the world’s commercial and start-up hub for drone services and will drive growth in the region’s drones industry, making it one of the strategic sectors that will lead to the economic recovery.
Rabih Bou Rashid, CEO of FEDS, said “The global commercial drones market is slated to grow 20% annually. That growth, however, has been limited because of a lack of crucial legislation and roadmap in the world.”
GCC’s drone industry is expected to reach $1.5 billion by 2022, according to PwC’s Strategy&. Much of this, the study said, will be generated from oil and gas as well as utilities, constituting 43 percent and 32 percent, respectively.
“Dubai’s new drones law is a significant development for the entire industry as it aims to take away hurdles in maximising the use of drones,” Bou Rashid said. “It will also enable the creation of an integrated airport network and ground control infrastructure for drones, which will set a world precedent.”
Before Dubai’s Law No. 04 of 2020, he said, no place in the world has ever formed a blanket law that covers the creation of an aerial infrastructure network and integrated framework for manufacturing, licencing, inspection, sale and ownership, as well as drone-based transport activities and services regulations.
The pioneering legislation will pave the way for the implementation of ‘Dubai Sky Dome’, an initiative that will provide a master plan of a virtual airspace infrastructure for commercial drone use in the emirate.
In addition, the law will bring about a novel economic stream that will position the emirate as the go-to hub for technology start-ups seeking new opportunities, he said.
The establishment of FEDS itself bears witness to Dubai being an ideal location for start-ups venturing into drones services. Founded in 2014, it is proud to be a home-grown company that has made a name for itself as one of the top drone service providers in the world, conducting thousands of commercial operations for some of the biggest companies in the Middle East in such a short period.