Al Gergawi said Dubai’s freight network will greatly contribute to UAE’s growth
The UAE logistics market is expected to be valued at $9.3 billion in 2014.
A report compiled by Dubai FDI, the foreign investment agency in the Department of Economic Development (DED), states that ‘ongoing expansion of the transport infrastructure has further brightened investment prospects in the logistics and related sectors in the emirate’.
Additionally, the report also says Dubai is the world’s third largest re-export hub.
“As part of the UAE and as the hub of a region of vast economic potential, Dubai has moved to a new level where its approach to business and ambitions are attracting international attention,” said Fahad Al Gergawi, chief executive officer of Dubai FDI
“The reports provide an overview of each sector and ongoing projects and plans in the respective sector, and the areas where investors can explore participation and public-private partnerships,” Al Gergawi added.
Dubai’s strategic location in the Middle East, North Africa and South Asia (MENASA) region has made the city ‘a vital element of a competitive freight network’, with connections between nearly a quarter of the world’s population enabled through Dubai’s facilities. The city’s combined GDP is currently worth $3.5 billion – a figure that has tripled in size in the past decade.
Other sectors covered in the report by DubaiFDI include retail, healthcare, information technology and sustainability investments.
Find the full report on these sectors here.