Dubai: The UAE’s supply chain and logistics industry is expected to touch $25 billion (Dh91.9 billion) in 2015, Atiq Juma Nasib, senior vice president, commercial services at Dubai Chamber, said in a report by state news agency WAM.
Speaking at the 8th Global Logistics and Supply Chain summit in Dubai on Wednesday, Nasib said that industry leaders such as DP World, JAFZA and Dubai International Airport are taking the lead in helping grow the industry, WAM reported. “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 trendsetting city that offers growth opportunities,” Nasib said.
DP World, for instance, is one of the biggest port operators in the world, with 60 million TEU (Twenty Foot Equivalent Units) capacity, operating 65 terminals globally.
“Dubai’s geographical location gives the trade access to a population base of more than 2 billion people. Analysts say that the 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,” stated Abdulla bin Damithan, director-commercial at DP World.
Dubai has the infrastructure of ports, airports, airlines and shipping lines to facilitate the global supply chain. The logistics sector contributes around 14 per cent of the emirate’s gross domestic product (GDP), according to the report.
