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Gurugram, India, March 14, 2022 (GLOBE NEWSWIRE) — Key Findings: –
- UAE transport infrastructure investments has crossed AED100 Billion between 2006-2018. The investments focused on development of rail network, expansion of airports and sea ports, technologically advanced infrastructure such as Hyperloop, active participation in the China’s belt which is expected to boost the logistics sector of the economy.
- UAE government initiatives to promote trade and economic diversification through EXPO 2020, free trade agreements, change in foreign ownership rule for some sectors and development of free zones near airports and seaports are expected to allure foreign investors to set up manufacturing industries in UAE.
- UAE E-Commerce market is expected to grow by twenty three% annually between 2019 – 2022 because of economic diversification, increasing digitalization, expected rise in manufacturing industries and rising purchasing power of the population in UAE.
Impact of EXPO 2020: UAE government initiative to launch EXPO 2020 is to induce economic diversification in the economy which is targeted to reduce economy’s dependence on oil sectors for growth. It is a platform for small and medium enterprises to get investments. It is expected to attract 25+ million visitors in UAE in the first six months from October 2020 and expected to add USD 23.4 Billion between 2015 –2021 and USD 32.94 Billion by 2031 in the economy.
Initiation of Rail Network: UAE government is developing rail network of 1200 km to connect seaports, major transportation hubs, distribution centers, free zone areas, major warehousing areas and freight terminals. Rail development to GCC countries is expected to accelerate the growth of logistics market of UAE due to its strategic geographical position and better connectivity.
Increase in Government Initiatives: UAE Government initiatives such as Dubai IOT strategy, Dubai Block Chain strategy, Introduction of drones for last mile delivery, UAE National AI program, Smart Dubai 2021, Dubai 3D printing Strategy, Dubai Data Initiatives and National Innovation Strategy will revolutionize the logistics and warehousing market of UAE. The growth of the logistics market would rely on the adoption of technologically advanced mechanisms and trained professionals.
Analysts at Ken Research in their latest publication “UAE Logistics and Warehousing Market Outlook to 2025 – By Road, Sea and Air Freight Forwarding, International and Domestic Freight, Major flow corridors, Integrated and Contract Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Agriculture), End Users (Manufacturing, Retail, Food and Beverage, Automotive, Oil and Gas, Healthcare), Type of Warehouses; By Courier Express and Parcel Logistics and E-commerce Logistics“ believe that the Logistics market in UAE is expected to grow due to entry of economic Diversification, Small and Medium Enterprises, upcoming industrial zones and development projects.
Key Segments Covered:-
Freight Forwarding Market
- Revenue and Volume By Mode of Freight
- Road Freight (Volume and Revenue)
- Air Freight (Total Volume, Volume by Emirates and Total Revenue)
- Sea Freight (Volume and Revenue)
- Revenue and Volume By Type of Freight
- International Freight (Volume, Revenue and FTK)
- Domestic Freight Revenue (Volume, Revenue and FTK)
- Revenue By Flow Corridors
- Asian Countries
- European Countries
- Middle East
- America
- African Countries
- Revenue By Contract and Integrated
- Contract Logistics
- Integrated Logistics
- Revenue By End User
- Food and Beverages
- Manufacturing
- Retail
- Automotive
- Oil and Gas
- Others includes Healthcare, Telecommunications and many more
Warehousing Market
- Revenue by Business Model
- Industrial/Retail
- CFS/ICD
- Cold storage
- Agriculture
- Warehousing space by Region
- JAFZA
- DAFZA
- DIP
- DIC
- Others include KIZAD, Sharjah, Abu Dhabi and many more
- Revenue by Type of Warehouses
- Open warehouses
- Closed warehouse
- Revenue by Contract and Integrated warehouses
- Contract warehouses
- Integrated warehouses
- Revenue by End User
- Food and Beverages
- Automotive
- Manufacturing
- Healthcare
- Retail
- Oil and Gas
Courier, Express and Parcel Logistics Market
- Volume By International…
Full story available on Benzinga.com
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