Globe Express UAE revenue up 27pc
Dubai, February 17, 2014
Globe Express Services (GES), a leading logistics provider, said its gross revenue for its UAE operations has increased by 27 per cent in 2013, as compared to the previous year.
The results were buoyed by the rapid growth of, and positive outlook on, the Middle East’s logistics and transport sectors, said a statement.
The local sector is expected to further expand by Dh37 billion ($10.1 billion) amid the influx of infrastructural and commercial projects, it said.
The UAE Government has been providing support to sustain the growth and further strengthen the sector. Government-backed international trade events have been held to showcase the UAE’s world-class air cargo, freight transport, ports management, and materials handling facilities.
Mustapha Kawam, managing director-Gulf, said: “We share the positive sentiments on the UAE’s transport and logistics sectors as we see growing industry opportunities across the region. The influx of infrastructural and commercial projects in Dubai and the rest of the UAE are definitely driving this growth."
"We look forward to further strengthening our presence in the region as we push ahead with our plans to further boost our services to address growing market demand,” he added. - TradeArabia News Service