Logistics and Shipping Market Research Reports,Industry Analysis,Business Review,UAE Logistics Market Forecast : Ken Research

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• UAE Logistics Industry To Burgeon Through
  Innovative Upcoming Business Opportunities Ken
  Research

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• Logistics basically refer to the business
  processes that include management and movement of
  goods and services from the point of origin to
  the point of consumption. It happens to be the
  core segment of supply chain management and
  generally involves a plethora of services like
  freight forwarding, multimodal transport via air,
  ship, truck, and rail. It also deals with
  provision of customs brokerage, warehousing and
  storage, tracking, and tracing of freight goods
  services.
• Talking about the United Arab Emirates, the
  countrys geographical location and
  infrastructure has made it an ideal supply and
  re-distribution gateway and thus, certainly offer
  huge growth potential for the logistics companies
  in the region, according to Logistics and
  Shipping Industry Research and Market Reports.
  Basically, the UAE is strategically located at
  the centre of international trade since over
  one-third of the world's population resides
  within the range of a four-hour flight and
  two-thirds within eight hours.

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• Over the years, UAE has well maintained its
  position to be amongst the top logistics hotspots
  in the world offering an evolving major
  transshipment hub, which has been, in the recent
  past, ranked first in the emerging market
  infrastructures and operates on one of the
  leading busiest airports globally, superbly
  connected and well-suited for multi-modal
  transport. According to the World Bank's latest
  Logistics Performance Index, the UAE has been
  ranked 13th out of 160 countries which means
  that UAE supersedes countries like Canada,
  Finland, France, Denmark and Australia and on
  comparison with its emerging market peers, it is
  ranked first cementing to its position as the
  leading logistics hub for rapidly growing
  economies. Furthermore, in the years to come,
  with optimal integration of logistics functions
  and harmonization of the GCC customs regulations
  a synchronized, coordinated, and interconnected
  regional logistics network is bound to be formed
  in the region.

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• As per the UAE Logistics Market Business Review,
  it has been explored that factors such as
  economic diversification, amplifying domestic
  demand and holistic development of
  export-oriented industrial centers and free zones
  are highly likely to continue bolstering both
  trans-shipment and regional trade growth in UAE
  since these factors are expected to undergo a
  certain level of amelioration as the years roll
  by and thus, with improving trends industry will
  prosper on its own!
• Lately, The United Arab Emirates has managed to
  retain its third position after China and India
  on the 2018 Agility Emerging Markets Logistics
  Index mainly due to success being experienced in
  Dubai since the logistics industry over there has
  been noticed to be more promising about this
  sector unlike previous years. The UAE has
  significantly tried to maintain a high ranking
  across several indices owing to the abundance of
  free trade zones, no corporation tax, offer of
  full ownership, and unlimited repatriation of
  profits that have well aided the region in
  establishing a benchmark especially for the
  emerging markets. Consequently, the countries in
  this region are moving vigorously to trigger
  non-energy economic growth, create job
  opportunities, attract new investments, and
  develop knowledge economies.

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• According to Ken Research Logistics and
  Transportation Market Research Reports, it has
  been revealed that government investment plans
  and infrastructure development initiatives are
  further expected to propel the economic growth in
  UAE. Also, the logistics infrastructure has gain
  a lot of popularity recently since UAE has
  emerged out evidently as a transshipment hub for
  a successful Europe-Asia trade. Investments are
  being undertaken in full swing at this time
  ultimately resulting in overall infrastructure
  development which will as a result, embolden
  competitiveness of the logistics market.
  Particularly, the investments connected to EXPO
  2020 are anticipated to lure foreign investments
  and thereby ameliorate the holistic investment
  climate that prevails in the region.
• Besides that, the facts of 2017 have identified
  that the air freight volumes at Dubai
  International Airport grew by nearly 5 and are
  further envisioned to surge at a decent CAGR of
  about 3.2 by 2022. While at Abu Dhabi Airport,
  the air freight volumes evolved by nearly 12 in
  2017 and furthermore are anticipated to prosper
  at a healthy CAGR of around 5.2 by 2022. These
  trends well depict that the demand for these
  logistics services have multiplied in the recent
  years and therefore in order to properly cater to
  the growing demands several initiatives have
  been undertaken for embellishing logistics parks
  as well as free trade zones near airports and
  seaports.

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• Not only this the two leading airports of this
  region have rigorously made investments for
  widening and enriching the associated logistics
  facilities in recent years. For instance,
  Emirates Sky Cargo has recently launched a new
  pharmaceuticals facility at Dubai International
  Airport in order to meet the spurring demands for
  pharmaceutical and cold storage products. Going
  forward, this expansion of cold-chain logistics
  services at both the airports is projected to
  raise the air freight volumes in UAE. Thus, both
  Emirates along with Etihad Airways have played a
  crucial role in air cargo in the UAE till now and
  will persist contributing to augmenting cargo
  volumes in the coming years.
• Majorly, UAE is observed to be at the forefront
  of adoption of newer technologies due to which
  warehouses are becoming automated with the
  support of robotics and automation, and the
  related companies have been able to experiment on
  different autonomous vehicles and drone
  deliveries for efficient and faster last mile
  deliveries. Additionally, a horde of tech-based
  start-ups are mushrooming in the region offering
  robust delivery solutions across various
  e-Commerce logistics segments and such
  hyper-loop, drones, autonomous vehicles, block
  chain, robotics, and artificial intelligence are
  further projected to completely transform the UAE
  logistics market in future.

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