UAE to Generate 9.4 Billion by 2014
UAE to generate logistics revenues in excess of USD 9.4 billion by 2014 to lead growth of regional logistics and supply chain sector.
- International cargo demand in Middle East to expand 4.9 per cent by 2016
- Barloworld unveils growth plans focusing on strengthening presence in key markets such as UAE, Saudi and Qatar in 2013
Barloworld Logistics, a provider of logistics and supply chain management solutions, recently revealed its strategic growth plans for 2013, focusing on growth opportunities in key Middle East markets such as the UAE, which is projected to generate logistics revenues in excess of USD 9.4 billion by 2014. Barloworld has pointed out that the UAE remains central to its growth plans in 2013 being the world’s sixth largest freight market with up to 2.5 million tons of air cargo.
The international cargo demand in the Middle East, on the other hand, is expected to sustain its positive growth rate to reach 4.9 per cent in 2016, according to a report by the International Air Transport Association (IATA). Barloworld Logistics further pointed out that the Middle East has the third fastest growth rate in the International Freight Developments category at 6.6 per cent.
Frank Courtney, Barloworld Logistics Chief Executive for EMEA region, said: “We will continue to focus on delivering integrated smart supply chain solutions, empowering businesses to move forward with their expansion plans across new markets in the GCC and in the rest of the Middle East region. In particular, we are strengthening our presence in key markets such as the UAE, Saudi Arabia and Qatar, which continue to witness a surge in cargo volumes year on year. Barloworld Logistics is confident of sustaining the gains we have achieved and realizing our growth targets for 2013. Our enthusiasm is driven by the successful strategic investments we have made in recent years, which have given us a strong head start as we aim to capitalize on new and exciting growth opportunities that have emerged in the region’s supply chain and logistics sector.”
Barloworld Logistics designs, plans, implements and manages cutting-edge supply chain solutions that enable clients to become more competitive, leaner and more effective as organizations. Having been one of the leading logistics and supply chain management businesses in southern Africa, Barloworld Logistics has expanded its operations to become an international player with a presence in the USA, Europe, the Middle East, Southeast Asia and the Far East.