The indispensable role of airports in economic growth and development

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Airports play an essential role in connecting the world – and this just one of the several reasons why every major city on the planet has invested in this infrastructure. For starters, airports don’t just move passengers, but they also help transport resources no matter where they are in the world.

Beyond its primary function of providing accessible channels to transport people from one place to another, airports also contribute to economic growth and development of its home regions. In fact, several industries benefit from and rely on the commercial aviation industry for their daily operations. Along with seaports, airports are extremely important in export and import trades.

The manufacturing and distribution sectors are heavily dependent on air travel to comply with their time-sensitive schedules. Hotel, travel, and tourism rely on airplane routes and access to transport human cargos to different parts of the world. Business people and investors can create partnerships and networks from companies or individuals who live on the other side of the globe, thanks to the availability of travel that grants them actual access to foreign markets. Especially among businessmen who make a lot of international transactions with global clients (such as LOM Financial), air travel serves paramount purpose.

The presence of airports in a particular global location greatly shapes the economic as well as social landscape of the region. Aside from making it physically accessible to investors, it promises a potential for urban development.

Just like how railroads, seaports, and highways opened a wider entrance for people, products, and services, airports provided a more efficient, faster and 24/7 mode of transport that suits the fast-paced demands of the modern era.

Most importantly, airport infrastructures contribute to a higher economic productivity as well as more dynamic mobility for the most important economic resource that every city can ever have: human capital.