DUBAI
Siemens has announced plans to set up its global logistics headquarters, including its portfolio for airports, cargo infrastructure and ports, in Dubai in the near future. The company will also target the site of Expo 2020 Dubai as the future location for this business after the exposition ends.
The move supports the legacy aspirations of Expo 2020 Dubai, as well as the industrial and logistics developments in the emirate. Siemens sees great growth potential in the Middle East region and in the logistics market globally. The company expects this development to support its Vision 2020 and related logistics businesses, creating new growth opportunities globally.
“This strategic decision highlights Dubai’s significance as a major player in global transport and logistics, with some of the world’s biggest airlines and ports operating in and around the emirate. Siemens wants to further expand its operations in order to be close to key customers and markets,” Roland Busch, Siemens’ Managing Board member and Chief Technology Officer, said in a statement on Wednesday.
The global logistics market is growing at a compounded annual growth rate (CAGR) of 7.5 per cent, according to Transparency Market Research. In a recent report, Frost & Sullivan estimated the UAE’s logistics sector will grow at a CAGR of 5.7 per cent between 2015 and 2020.
“We are committed to contributing to Dubai’s economic development goals with the latest innovations in technology. By using digitalisation and leveraging MindSphere, our open, cloud-based IoT operating system, we support growth and boost efficiencies in logistics,” Busch said.
