UAE transport sector shows 'strong potential' for positive growth

29/07/2010 - Dubai Investment News
UAE transport sector shows 'strong potential' for positive growth

Posted by Neil King

The UAE's transportation sector shows strong potential for positive growth, a Dubai Chamber of Commerce & Industry analysis has claimed.

According to the report, the rapid pace of the UAE's expansion is putting pressure on transport infrastructure, with city authorities implementing long-term investment programmes as a result.

It noted that the Abu Dhabi government is planning to launch a long-term scheme aimed at upgrading its airports, ports and public transportation systems.

Some of the announced projects include construction of a $7 billion international airport, to be completed between 2010 and 2012, and a new port facility at the Khalifa Port and Industrial Zone, located in Al Taweelah, the report said.

Elsewhere, it was observed that various major projects are already well underway in Dubai including plans for a new tramline, the parallel roads project and a possible expansion of the Jebel Ali Port.

"The Dubai government has plans to invest AED 300 million in the development of its aviation sector as part of its Strategic Plan 2015 which will develop Dubai as a leader in aviation and logistics," said the Dubai chamber.

Earlier this week, Dubai International Airport reported a 16.3 per cent year-on-year increase in passenger traffic for the first half of 2010, up to 22,554,445.ADNFCR-2019-ID-19913499-ADNFCR

There’s never been a better time to invest in Dubai, say industry heavyweights heading to this month’s Cityscape Global Conference. Invest in your Future - Click here to learn more.