UAE logistics market ‘worth $9.4 billion’
Dubai, January 30, 2013
UAE is projected to generate logistics revenues in excess of $9.4 billion by 2014, said a top official of Barloworld Logistics, a leading provider of logistics and supply chain management solutions.
UAE remains central to Barloworld’s growth plans in 2013 being the world’s sixth largest freight market with up to 2.5 million tons of air cargo, added Frank Courtney, Barloworld Logistics chief executive for EMEA region.
The international cargo demand in the Middle East, on the other hand, is expected to sustain its positive growth rate to reach 4.9 per cent in 2016, according to a report by the International Air Transport Association (Iata).
Barloworld Logistics further pointed out that the Middle East has the third fastest growth rate in the International Freight Developments category at 6.6 per cent.
“We will continue to focus on delivering integrated smart supply chain solutions, empowering businesses to move forward with their expansion plans across new markets in the GCC and in the rest of the Middle East region,” said Courtney.
“In particular, we are strengthening our presence in key markets such as the UAE, Saudi Arabia and Qatar, which continue to witness a surge in cargo volumes year on year.
“Barloworld Logistics is confident of sustaining the gains we have achieved and realizing our growth targets for 2013. Our enthusiasm is driven by the successful strategic investments we have made in recent years, which have given us a strong head start as we aim to capitalize on new and exciting growth opportunities that have emerged in the region’s supply chain and logistics sector,” he added. – TradeArabia News Service