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FINANCIAL NEWS
UAE logistics marketplace to be worth USD27b by year-end
06 Jul 2015
(MENAFN) The United Arab Emirates logistics marketplace is forecast to be valued at USD27 billion by year-end, marking an increase by 15 percent logged back in 2013, The Saudi Gazette reported.
The economic rapid growth in key sectors across the Emirates has been the driving component for the increasing worth of logistics. Among the growing markets are retail, pharmaceuticals, oil, gas, and automotive.
“Continued development across these key sectors of the regional economy is increasing demand for high quality materials handling systems and solutions,” an official said in a statement.
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