UAE's logistics markets 'set to rise 8%'

31/05/2011 - Dubai Investment News Posted by Bob Brunskill
UAE's logistics markets 'set to rise 8%'

Frost & Sullivan has confirmed that revenues from the UAE's logistics market are expected to reach $9.4 billion in 2014.This is the equivalent of an 8.2 per cent increase over 2010's revenue of $7.03 billion, the business research firm said.Primarily driven by the UAE's prime location, the growth is being led by a number of factors, such as the latest Dubai airport - Al Maktoum International."The Dubai World Central (DWC) is setting up the infrastructure for the future," commented V G Ramakrishnan, Frost and Sullivan's vice-president of automotive and transportation practice for the Middle East, North Africa and South Asia."And that's what Dubai has always been known for. DWC-Al Makotum International will be one of the key drivers of growth for the sector besides DP World, which will be one of the key elements of trans-shipment taking place here."Further impetus to the UAE's logistics industry is provided by Abu Dhabi's investment in engineering and the UAE capital's new seaport, he said.