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Dubai / WAM
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.
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 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.