Boston, MA -- (ReleaseWire) -- 03/10/2014 -- The UAE is expected to continue to see strong growth in 2014, across all of its freight modes. The country is rapidly developing one of the world's top logistics markets through investments in ports, airports, rail and free trade zones. These are utilised by the country's air freight and logistics companies, which are becoming a familiar presence throughout the world, serving the globe from their UAE hubs.
Headline Industry Data
- 2014 air freight tonnes through Dubai International Airport forecast to grow by 9.8% and to average 7.1% to 2018.
- The Khalifa Port is forecast to enjoy growth of 14.0% in 2014, following an estimated expansion of 21.8% in 2013. Growth over the medium term will average 9.9%.
- The UAE's total trade real growth in 2013 forecast to be 6.9% and to average 5.3% over the medium term to 2017.
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Key Industry Trends
Etihad Cargo's Record November Signals Expansion Strategy Success: Etihad Cargo's record cargo handling figure reported in November 2013 highlights the strong growth that the cargo carrier is experiencing. Etihad's growth is due to its rapidly expanding route network, with the firm focusing heavily on emerging markets in Asia, as well as the high-growth air freight sector of the Middle East.
DB Schenker Middle East Expansion Ramps Up: German freight and logistics company DB
Schenker's new logistics facility at Dubai World Central (DWC)'s Logistics District is part of a wider trend of growing investment into the Middle East's freight transport sector. The BMI Logistics Index offers insight into the impetus behind DB Schenker's rapid expansion in the Middle East. The Middle East and North Africa ranks second in the index's Market Size & Connectivity rating, behind only Western Europe and North America. We expect the continued expansion of the Middle East freight transport sector to lure more global logistics players into this rapidly developing market.
New GCC Logistics Firm To Address Region's Freight Weakness: The planned Gulf Cooperation
Council (GCC) Integrated Logistics Company, due to start operations in 2014, will offer a boost to the region's freight transport sector by streamlining its trade procedures. At present the Middle East and North Africa (MENA) region's score on the BMI Logistics Index is lowest on the Trade Procedures & Governance component of the index.
Key Risks To Outlook
Should tensions between Israel and Iran escalate to any significant degree in 2014, thereby leading to a conflict in the Gulf, then our forecasts for UAE would be seriously jeopardised. On the flipside, growing rapprochement between Iran and the rest of the world could lead to a loosening of current sanctions. As the UAE has traditionally had massive re-export trade with Iran, this could boost volumes at Emirati ports and airports.
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