Revenues from logistics are on track to increase by 8.2% from 2010 to 2014 and are expected to reach $9.4 billion in the UAE, a leading Frost and Suillivan analyst has told Gulf News.
V G Ramakrishnan, Frost and Sullivan’s VPÂ of Automotive and Transportation Practice for the Middle East, North Africa and South Asia said that the development of a logistics city built around the Dubai World Central (DWC) – Al Makotum International airport, Jebel Ali Port and the Jebel Ali Free Zone, in conjunction with a recovery in the construction sector will boost the sector.
“The plan is very clearly to have a logistics city, have DWC-Al Maktoum International, Jebel Ali Port and the Jebel Ali Free Zone. So it’s about integrating all of that in a place where you can have an integrated logistics and transportation movement.,” said Ramakrishnan. “The anticipated return of the construction industry will also play a key role in driving this growth. The construction industry is anticipated to revive in the next one or two years.”
He added: “In the next five to seven years time, we are going to be looking at the rail coming into the GCC market. So it’s an integration of logistics transportation as well with shipping, aircraft, rail and road.”
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