uae economic growth boosting logistics sector
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

UAE economic growth boosting logistics sector

Arab Today, arab today

Arab Today, arab today UAE economic growth boosting logistics sector

UAE economic growth boosting logistics sector
Dubai - Arab Today

Recent forecasts for growth in UAE trade are set to benefit the country’s logistics sector according to DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem.

A BMI report published recently forecasts a steady rise in trade of 4.35 percent year on year in 2017, driven by a 5 percent growth in imports and exports of 3.7 percent. The report sees positive economic growth for the UAE over the next five years due to government plans to diversify the economy through the development of trade, the service sector and tourism.

Mr. Bin Sulayem believes these trends will further encourage prospects for the logistics, warehousing and handling sector increasing demand and attracting more businesses to the country who will need logistics support.

He highlighted the importance of the logistics sector in Jafza, and Dubai as a pillar of the economy with trade partners in the GCC, West Asia, Africa, India and China broadening the opportunities for logistics companies operating in the Free Zone. The strategic location of Jebel Ali Port and the Free Zone with modern warehouses and a range of incentives supports the development of transport and logistics sector with companies aiming to reach their target markets in the greater MENA Region.

There are currently 328 logistics companies from 29 countries operating within Jebel Ali Free Zone. They lease 4.2 million square meters of mixed use facilities, including 4.13 million square meters as land; 85,700 square meters of warehouse and light industrial units and 1600 square meters of showrooms and offices.

Mr. Bin Sulayem, said, "The ongoing investments and expansions at Jebel Ali Port and Free Zone aim to maintain our competitiveness globally, strengthening the country's position as a global and regional business hub and a centre for trade. This will open up new markets for companies operating in Jafza and Dubai."

Jafza recently launched 110 new rental warehouses to meet the integrated needs of the supply chain and logistics sector, enabling companies to improve their distribution to regional markets and to serve their logistics requirements. These include the iron and building materials sector; fast-moving consumer goods companies, electronics and auto parts businesses. The new warehouses are divided into two sections: 51 warehouses with an area of 702 square meters and 59 warehouses with an area of 349 square meters, allowing companies to choose space to suit their needs.

arabstoday
arabstoday

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*

uae economic growth boosting logistics sector uae economic growth boosting logistics sector

 



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*

uae economic growth boosting logistics sector uae economic growth boosting logistics sector

 



GMT 16:16 2014 Wednesday ,10 September

Samirah Ibrahim receives Saudi cultural attaché

GMT 09:32 2017 Sunday ,24 September

China confirms will limit oil exports to North Korea

GMT 19:56 2016 Saturday ,17 September

Typhoon Meranti death toll rises to 28

GMT 09:40 2018 Monday ,01 January

OIC Summit opens in Kazakhstan

GMT 06:37 2015 Monday ,07 December

Iran film directors protest colleague's jail term

GMT 18:37 2017 Friday ,25 August

Mental health issues should be prioritized

GMT 04:39 2017 Thursday ,31 August

Trump vows to right 'self-destructive' tax code

GMT 05:29 2017 Tuesday ,22 August

Celebrations across India on 71st Independence Day

GMT 10:54 2017 Wednesday ,11 October

Child obesity grows tenfold since 1975

GMT 02:31 2016 Tuesday ,06 December

Dubai Women Establishment delegation participates

GMT 04:29 2018 Wednesday ,19 September

North and South Korea: Kim and Moon hail new future

GMT 14:18 2013 Monday ,19 August

Newlywed Lebanese couple pose at car bomb site

GMT 11:11 2011 Friday ,12 August

Palestinian university ranks seventh in Arab world

GMT 15:16 2015 Wednesday ,26 August

UAE ambassador attends charity ceremony in Qalubiya

GMT 16:59 2016 Tuesday ,26 July

Hedge funds in new cycle of oil short-selling
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday