The UAE, Saudi Arabia and Qatar continue to rank among the world’s top 10 emerging markets for logistics, improving or holding steady in key areas while neighboring Oman, Bahrain and Kuwait have experienced a decline in their rankings. Globally, the UAE secured the third position in the 15h annual Agility Emerging Markets Logistics Index, which ranked 50 markets around the world for overall competitiveness based on factors that make them attractive to logistics providers, freight forwarders, air and ocean carriers, distributors and investors. The UAE, following China and India, maintained its rank from the previous year, as did Saudi Arabia at sixth place and Qatar at seventh. However, Oman slipped to the 15th position, Bahrain to 16th, and Kuwait to 21st  The UAE’s freight and logistics market, estimated currently at $20.3 billion, is poised for a compound annual growth rate of 6.55 per cent to reach $27.51 billion by 2029, according to data for the 2023 & 2024 created by Mordor Intelligence Industry Reports.  Industry experts said the UAE logistics market has been growing steadily, mainly driven by the consistent and fast growth of e-commerce across the region and rising international trade. “Dubai’s strategic location between Asia and Europe serves the East and the West, providing optimum trading conditions for the emirate. To facilitate the trade and e-commerce market, Dubai has implemented initiatives to develop its infrastructure and technology to implement a well-integrated transport system and excellent logistics infrastructure. “Despite economic disruptions in the Arabian Gulf, the logistics sector in the UAE continued to occupy the fast lane in recent years. Though the logistics sector outperforms other major industries, it is now a crucial enabler in the country’s economic diversification efforts,” industry analysts said. Agility survey respondents highlighted the UAE and Saudi Arabia as leaders among the GCC countries in economic diversification, reducing reliance on oil and gas income. According to a survey of 830 logistics industry executives, the UAE claimed the top spot for best business fundamentals, with Saudi Arabia securing the third position in that category.  (ICE DUBAI)

Fonte notizia: www.khaleejtimes.com/business/uae-saudi-arabia-qatar-rank-among-top-emerging-markets-for-logistics?_