United Arab Emirates : Expansion, Investments Expected to Drive Uae Logistics Sector Growth.
Expansion projects and new investments are expected to fuel growth within the UAEs logistics sector over the next five years, according to a recent analysis by the Dubai Chamber of Commerce and Industry. The positive outlook is supported by expectations of strong growth in the countrys air and sea freight markets. The analysis, based on recent data from Business Monitor International, forecasts the UAEs air freight market to expand by a compound annual growth rate (CAGR) of 4.8% over the 2017-2021 period. It also showed demand within the countrys air freight market increasing at a CAGR of 8.6% between 2012 and 2016.
Dubai International Airport handled 2.6 million tonnes of cargo in 2016, with freight volume growth of 3.8% compared to 2015, the analysis showed, while Abu Dhabi Airport handled nearly 800,000 tonnes of cargo during the same year.In 2017, air freight volumes at Dubai International Airport are expected to grow 5% in 2017, and increase at a CAGR of 3.2% over the next five years. At Abu Dhabi Airport, air freight volumes are projected to grow 12% this year and record a CAGR of 5.2% over the 2017-2021 period.
The UAEs two leading airports have continued to invest in expanding and enhancing facilities in recent years. Emirates SkyCargo recently opened a new pharmaceuticals facility at Dubai International Airport to accommodate growing demand for pharmaceutical and cold storage products. Going forward, the expansion of cold-chain logistics services at both airports is expected to further increase air freight volumes in the UAE. Both Emirates and Etihad Airways have played an important role in air cargo in the UAE and will continue to contribute to increasing air cargo volumes over the next five years.
[c] 2017 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Date:||Aug 24, 2017|
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