Chinese companies to invest $4-bn in UAE logistics projects


June 11, 2019 | By RetailME Bureau

The logistics industry in the UAE is in for big growth with more logistics parks coming up in Dubai and Abu Dhabi. Chinese companies are set to invest more than $4 billion in logistics projects in Dubai and Abu Dhabi, according to the National Association of Freight and Logistics (NAFL).

“Logistics business is in for a boom. Many projects are being built for Expo 2020 and Chinese investors are coming to Abu Dhabi and Dubai. There will be large logistics parks in Jebel Ali and one near the Expo venue. One is for food processing and the other is for manufacturing and exporting. There will be $4 billion (AED14.68 billion) investment by Chinese companies. Abu Dhabi will also have a huge logistics project that will boost the trading sector in the UAE,” said Nadia Abdul Aziz, president, NAFL and vice president, global extended board of the International Federation of Freight Forwarders Associations (FIATA).

“NAFL continues to build government relations to always promote the industry and assist investors to come and invest in the UAE. More importantly, the Association’s mission is to raise the logistics service industry standards in the UAE,” she added. “We are working to raise the industry standards, by training, networking, solving industry issues, by looking at opportunities to help the members, and by building platform for the members to market their companies. We also represent the UAE in international events and attract foreign direct investment (FDI) to the country.”

Commenting on the state of the logistics industry, Abdul Aziz observed that consolidation is taking place in the logistics industry in the UAE, owing to more e-commerce movements and distribution. “There are people buying companies and joint ventures are taking place among shipping lines and freight forwarding companies.”

NAFL’s strategy is to encourage young students to join the growing logistics sector. “In line with the UAE strategy, we will have sharper focus on empowering and training UAE nationals in this sector. As part of it, the Association offers scholarships for UAE nationals in the freight industry courses. The government is spending heavily on logistics and infrastructure sectors which have seen the second largest job growth after tourism,” Abdul Aziz concluded.

 

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /



Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in 

Continue Reading

October 7, 2024 | By Anurima Das
Naresh Kumar Bhawnani, Founder & Chairman, West Zone Group

“Retail is a people’s business. When building a retail brand or the 

Continue Reading

October 3, 2024 | By RetailME Bureau
Sunil Kumar, CEO, Spinneys

From being one of the first retailers in Dubai to ban single-use 

Continue Reading

October 1, 2024 | By RetailME Bureau
Walid Shabana, Co-founder & CTO, Rabbit

For starters, Rabbit is a growing e-commerce grocery platform in Egypt always 

Continue Reading

September 30, 2024 | By RetailME Bureau
Arunachalam Palaniappan, CTO, Choithrams

In 2024 grocery retail major Choithrams has achieved several milestones underscoring its 

Continue Reading

September 12, 2024 | By RetailME Bureau
#Topshelftalks session at Food Business Forum 2024

Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital 

Continue Reading

July 3, 2024 | By Anurima Das
#EdgeOfTomorrow session at Food Business Forum 2024

The regional grocery retail market is evolving fast keeping pace with constantly 

Continue Reading

July 3, 2024 | By Rupkatha B
#CartToCouch session at Food Business Forum 2024

If anything, the Middle East market is excited about quick commerce – 

Continue Reading

July 2, 2024 | By Rupkatha B
#EcoEchoes session at Food Business Forum 2024

From ethical and local sourcing to adopting cutting-edge technologies to curb food 

Continue Reading

July 2, 2024 | By Rupkatha B
#ByteSizedBreakthroughs session at Food Business Forum 2024

The regional grocery retail market is becoming more and more diverse, offering 

Continue Reading

July 2, 2024 | By Rupkatha B

Spinneys, the leading premium fresh food retailer, has announced the opening of 

Continue Reading

June 24, 2024 | By RetailME Bureau

Spinneys has announced the launch of The Kitchen by Spinneys, its first-ever 

Continue Reading

May 20, 2024 | By RetailME Bureau




Download Images RetailME Magazine