UAE supply chain and logistics market to touch US$25 billion by end of 2015: Dubai Chamber

Atiq Juma Nasib, Senior Vice President, Commercial Services, Dubai Chamber, speaking at the 8th Global Logistics and Supply Chain summit in Dubai, said that UAE’s Supply Chain and Logistics industry is slated to touch US$25 billion in 2015. With a core objective of further growing the logistics and supply chain industry locally, regionally and globally, Supply Chain and Logistics Group,SCLG, gathered over 200-plus delegates and industry experts from over 20 countries to the summit in Dubai. SCLG, as a professional business group, is engaged in advancing the global supply chain and logistics industry. Dubai has built great infrastructure of ports, airports, airlines and shipping lines to facilitate the global supply chain. Dubai’s focus on innovation and transformation also ensures that the global supply chain is empowered for growth here. Atiq Juma Nasib said 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 TEU capacity, operating 65 terminals around the world. It has been a crucial driver of Dubai’s success as a logistics hub. The sector contributes around 14 percent of the GDP and has played an integral role in the robust GDP growth witnessed by Dubai in 2014. "These multi-modal infrastructure facilities, coupled with the upcoming initiatives, such as Etihad rail and the GCC-wide rail network, will up Dubai’s profile as an attractive business destination," added Mr Nasib. "It is good to see that our 8th 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," added Shashi Shekhar, Group Chairman and Founder of SCLG. Abdulla bin Damithan, Director-Commercial, DP World, "Our government today is focused on investing more in the 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 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." "The 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 Mr Damithan. Headquartered in Dubai, SCLG is a membership driven industry body engaged in advancing the supply chain and logistics industry locally, regionally and globally. – Emirates News Agency, WAM - http://www.wam.ae/en/news/economics/1395286708321.html