Arab Today, arab today transport key to uae\s growth
Last Updated : GMT 12:46:34
Arab Today, arab today
Arab Today, arab today

Transport key to UAE\'s growth

Arab Today, arab today

Arab Today, arab today Transport key to UAE\'s growth

Dubai - Arabstoday

If there is one sphere of activity — apart from oil and gas — rooted firmly in the country\'s past and integral to its future, it has to be the ports and all the logistics operations that move seamlessly into and out of them. Yes, geography has been quite kind in creating a maritime industry out of the multiple locations that were there and create deep-water hubs for the global movement of trade. But to get to that point, ample foresight and planning had to be in place to go with the undoubted quality of the natural resources on the ground. The ports infrastructure created in the last four decades — and the constant upgrades and expansions put in phases thereafter — confirm that intricate planning is very much in place. It explains the thinking that led to the creation of the Dubai Creek all those years ago and the decision to develop the Jebel Ali Port and Free Zone. The same thinking applies to why DP World — currently the world\'s third-largest port operator — had the gumption to confirm a $1 billion (Dh3.67 billion) commitment just last month. But that investment is not going into topping up the infrastructure here, but on the London Gateway project that it is working on now and scheduled to go operational in 2013. Located about 40km from central London, the project will create a £1.5 billion (Dh8.50 billion) deep-sea container port incorporating Europe\'s largest logistics park. \"London Gateway will help UK businesses improve efficiency and competitiveness. It will also provide the UK with a premier, world-class global trading centre,\" said Sultan Ahmad Bin Sulayem, chairman of DP World, at the recent media event in London. More remarkable still is the escalation of commitment coming at a time when Dubai itself is easing its way through the havoc caused by the global financial storms of 2008. The passage since has not been without its fair share of incidents, but the impression is gaining ground that it has reached calmer waters or will shortly do so. To help the process along, as one of the pillars of the local economy DP World is being given a deeper foundation and across a wide geographic net. The intention here is to make sure that DP World lives up to is name indeed. New commissions The $1 billion commitment to the London Gateway project — which will have an initial capacity of 1.6 million twenty-foot equivalent unit (TEUs) — reaffirms it is not just the here and the immediate that Dubai has in mind for its ports strategy. New port operations were commissioned in India and Pakistan during the first quarter of this year and more are on the way across a global footprint. Neighbouring Abu Dhabi is also in the throes of an equally ambitious new capacity creation, but with a local outlook. The existing operations in Mina Zayed — which handled 518,000 TEUs last year from a two per cent gain year-on-year — are to move to the new Khalifa Port in the fourth quarter of 2012. In turn, Phase One of the Khalifa Port development spearheads Abu Dhabi\'s drive to emerge as a re-export hub in its own right. \"When Khalifa Port\'s first phase becomes operational in 2012, it will have capacity of two million containers and nine million tonnes of cargo a year — four times higher than the existing capacity at Mina Zayed port,\" said Raghu Menon, managing director and chief consultant at the logistics operator Hexomatrixx-MPCL Venture. \"Ninety-five per cent of containers that come to Mina Zayed stay in Abu Dhabi — it is a destination port, so Khalifa Port will become a destination port.\" According to the gameplan, the Khalifa port will be developed in stages and may eventually offer capacity of 15 million TEUs and 35 million tonnes of bulk — and break-bulk cargo per year. It would tie in with the simultaneous development of the Khalifa Industrial Zone (Kizad). Major positive Recent events in the Middle East accentuate the strategic value UAE\'s ports and logistics sector play in the global movement of goods. Risk premiums have firmed up on some Middle East specific routes, though this has so far not been reflected on ships calling in at Dubai ports. Another major positive is that the cargo industry has finally managed to put behind it the worst of 2009. \"It has started to experience a healthy upswing in cargo volumes; however it has been passing on changes on account of the volatility in fuel prices as depending on the size of the ship — 30 to 35 per cent of the running cost is from fuel,\" said Menon. \"It\'s also observed there\'s a moderate to low rate to select destinations with longer lead times and transshipments in comparison to direct sailing from Dubai with a shorter lead time.\" While the opportunities are many, the UAE\'s ports will need to face up to challenges and they are quite significant. The other leading port operators in the Gulf have their own ambitious port expansion programmes. Kuwait\'s growing presence as a port city continues apace with plans for up to three new ports, including the $1.1 billion Boubyan Island development. Then there is Saudi Arabia, which saw its port throughput increase by nearly ten per cent between 2009 and 2010 even with a global downturn on. The cargo handled came to under 155 million tonnes. The Jeddah port handled the majority of the cargo through its 58 berths and dedicated terminals for containers and bulk cargo. Slightly further afield, Jordan\'s primary gateway to the Red Sea, Aqaba Container Terminal, is undergoing a $235 million upgrade to boost its annual capacity to 1.6 million TEUs. But no one will deny that the UAE has had a head start in capacity creation. That would ensure the other regional ports would need to do a lot more to even reach the current levels in the UAE. And keep in mind local ports are not about to stand still in working on their own medium and long term requirements. It\'s full steam ahead.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today transport key to uae\s growth Arab Today, arab today transport key to uae\s growth

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday