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Speakers at the 8th SCLG summit

UAE’s supply chain, logistics market to touch $25bn

DUBAI, October 14, 2015

The UAE’s supply chain and logistics industry is expected to touch $25 billion by the end of this year, said Atiq Juma Nasib, senior vice president, commercial services, Dubai Chamber.

He while speaking at the ‘8th Global Logistics and Supply Chain Summit’ in Dubai, UAE.

The Supply Chain and Logistics Group (SCLG), a professional business group engaged in advancing the global supply chain and logistics industry, gathered more than 200 delegates and industry experts from over 20 countries to the summit, with an aim of further growing the logistics and supply chain industry locally, regionally and globally.
 
Nasib stated that industry leaders such as, “DP World, JAFZA, Dubai International Airport, Dubai World Central, Cargo Village and Port Rashid are taking the lead and it is therefore no surprise that Dubai has become the facilitator for International movement of goods and people.”

“DP World is one of the biggest port operators in the world, with 60 million, twenty-foot equivalent unit (TEU) capacity and operating 65 terminals in the world.  It has been a crucial driver of Dubai’s success as a logistics hub. The sector contributes around 14 per cent of the gross domestic product (GDP) and has played an integral role in the robust GDP growth witnessed by Dubai in 2014,” he said.

“These multi-modal infrastructure facilities, coupled with the upcoming initiatives, such as the Etihad rail and the GCC-wide rail network will up Dubai’s profile and an attractive business destination,” added Nasib.

Headquartered in Dubai, SCLG is a membership driven industry body engaged in advancing supply chain and logistics industry locally, regionally and globally.

The summit saw a host of eminent speakers at the inaugural session which, apart from Nasib, included Abdulla Bin Damithan, director commercial, DP World; Dr Donald Tham, co-founder and board director, Nulogy Corporation (Canada), Dr Craig Voortman, campus head (Bunting): Department of Transport, University of Johannesburg; Shashi Shekhar, group chairman and founder of SCLG; and Dr KM Madrecha from the SCLG leadership team.

SCLG since its inception has significantly grown in its membership and activities. The annual global SCLG summit held in Dubai each year is now recognised as the biggest thought leadership summit in Middle East and Africa region.

The summit was backed and supported by many leading names in the supply chain and logistics sector namely, DP World, Swisslog, Al Futtaim Logistics, Etihad Rail, Onbase by Hyden, AurionPro, Godrej among organisations.
 
“Supply chain and logistics in itself is a backbone of global trade and economy. Dubai Chamber's support in building community cohesiveness in Dubai, UAE, and globally within the supply chain and logistics space is highly appreciated by the industry,” added Shekhar.

Dubai has built great infrastructure of ports, airports, airlines and shipping lines to facilitate global supply chain. Dubai’s focus on innovation and transformation also ensures global supply chain is empowered for growth here.

Shekhar said: “Good to see that our latest summit in Dubai has been immensely successful. Dubai the smart city of innovation and global hub of trade and supply chain offers immense opportunity and infrastructure for supply chain leaders globally in both managing and growing their supply chain.”

“Dubai is an ideal hub for setting up businesses and is a trend-setting city that offers growth opportunities. The city has a good sense of business acumen, visionary leadership and solutions to deliver outcomes to organisations for any business vertical.”

“We believe that this platform will help stakeholders realise the potential of the city and explore trends and developments in the supply chain and logistics network,” he said.

Abdulla Bin Damithan, director-commercial, DP World, said: “Our government today is focussed on investing more on non-oil economy and they are also easing policies to help the industry grow.”

“Dubai’s geographical location gives the trade access to a population base of more than 2 billion people.  Analysts say that GCC will be one of the busiest trade lanes globally by the year 2030. I believe that these developments present huge opportunities to the logistics industry in the region.”

“UAE is the region’s hub and will continue to grow. We need to prepare for the future growth and stay one step ahead.  While our current methods have worked in the past, we now need to come together and find solutions that will help each other in the future,” added Damithan. – TradeArabia News Service




Tags: | logistics | UAE | Supply | market | chain |

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