Transport, logistics ME market to grow by 10%

The Transport and Logistics Market in the Middle East is estimated to grow by more than 10 per cent to $35 billion by the end of 2012, largely driven by Gulf Cooperation Council (GCC) countries.

By (Staff Report)

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Published: Fri 30 Nov 2012, 11:13 PM

Last updated: Tue 7 Apr 2015, 2:48 PM

These countries have been making substantial investments in infrastructure development and have achieved significant economic growth in the recent years; despite economic downturn that has impacted the global economy in a big way.

The GCC’s logistics market is estimated to reach $27 billion in 2012 with the UAE in lead having revenue of $9 billion. The market growth leaves huge opportunities for the logistics sector in Jebel Ali Free Zone (Jafza) to capitalise on.

This growth prediction was part of the focus of senior Jafza officials at the recent Annual Logistics Strategic Customer Forum, organised by the Free Zone for key stakeholders involved in logistics and trade in Jafza to collaborate, ensuring the sector in Jafza makes the most of these opportunities.

Ibrahim Mohamed Al Janahi, Deputy CEO of Jafza, in his opening speech at the Forum, said: “The announcement .... for a new mega-development “Mohammed bin Rashid City”, the largest project in the history of the UAE, will further push growth prospects for Jafza based logistics companies.”

“The logistics industry is one of Jafza and Dubai’s key economic sectors. Economic recovery and a surge in trade flow between Jafza and its key trade partners, the GCC, West Asia, Africa, India, China and the CIS, opens huge opportunities for growth for logistics sector in the Free Zone. Jafza Strategic Customer Forums focus on the exchange of ideas between industry leaders, Jafza Management and Jafza’s strategic partners, aiming to establish dialogue on how we can work together to grow. Open dialogue enables us to understand the changing needs and concerns of the industry and will enable us to better accommodate the growth of their businesses,” Al Janahi said.

abdulbasit@khaleejtimes.com



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