UAE ranks in the top 10 emerging markets for logistics

The UAE, Saudi Arabia and Qatar continue to rank among the world’s top 10 emerging markets in logistics, improving or maintaining their performance, while their neighbours Oman, Bahrain and Kuwait are downgraded.

Internationally, the UAE ranked third in the annual Emerging Markets Logistics Ranking, which ranks 50 countries on their overall level of competitiveness based on the factors that make them attractive to logistics service providers, freight forwarders, air and ocean carriers, distributors and investors.

The UAE, following China and India, maintained its position in the rankings, as did Saudi Arabia and Qatar.

According to Mordor Intelligence Industry Reports for 2023 and 2024, the UAE freight market, currently valued at US$20.3bn, has a compound annual growth rate of 6.55% and is expected to reach a capitalisation level of US$27.51bn by 2029.

Industry experts said that the UAE logistics market is growing steadily, mainly due to the sustained and booming e-commerce industry across the region, as well as the development of international trade. “Dubai’s strategic location between Asia and Europe helps the East and West by providing an optimal trading environment for the emirate. In order to develop the trade and e-commerce market, Dubai has implemented initiatives to develop its own infrastructure and technology to create a well-integrated transport system and superior logistics infrastructure.”

Agility’s survey participants noted that the UAE and Saudi Arabia are leading the way among GCC countries in diversifying, economies, reducing their dependence on oil and gas revenues. According to the survey of 830 logistics industry executives, the UAE ranked first in the area of best business practices, while Saudi Arabia ranked third in this category.

Source: KHALEEJ TIMES

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