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UAE’s supply chain, logistics market to touch $25 bln by end of 2015

UAE’s supply chain, logistics market to touch $25 bln by end of 2015

Arab Finance: Mr. Atiq Juma Nasib, Senior Vice President, Commercial Services, Dubai Chamber while speaking at the ‘8th Global Logistics and Supply Chain summit’ in Dubai stated that UAE’s Supply Chain and logistics industry is slated to touch US$25 billion in 2015. 

With a core objective of further growing the logistics and supply chain industry locally, regionally and globally, Supply Chain and Logistics Group (SCLG) gathered over 200 plus delegates and industry experts from over 20 countries to the summit in Dubai. SCLG as a professional business group is engaged in advancing the global supply chain and logistics industry.

Dubai has built great infrastructure of ports, airports, airlines and shipping lines to facilitate global supply chain. Dubai’s focus on innovation and transformation also ensures global supply chain is empowered for growth here.

Mr. Juma stated that industry leaders such as, “DP World, JAFZA, Dubai International Airport, Dubai World Central, Cargo Village and Port Rashid are taking the lead and it is therefore no surprise that Dubai has become the facilitator for International movement of goods and people. DP World is one of the biggest port operators in the world, with 60 million, TEU capacity and operating 65 terminals in the world.  It has been a crucial driver of Dubai’s success as a logistics hub. The sector contributes around 14% of the GDP and has played an integral role in the robust GDP growth witnessed by Dubai in 2014”.

“These multi-modal infrastructure facilities, coupled with the upcoming initiatives, such as the Etihad rail and the GCC-wide rail network will up Dubai’s profile and an attractive business destination,” added Mr.Juma.

“Good to see that our 8th summit in Dubai has been immensely successful. Dubai the smart city of innovation and global hub of trade and supply chain offers immense opportunity and infrastructure for supply chain leaders globally in both managing and growing their supply chain. Dubai is an ideal hub for setting up businesses and is a trend-setting city that offers growth opportunities. The city has a good sense of business acumen, visionary leadership and solutions to deliver outcomes to organisations for any business vertical. We believe that this platform will help stakeholders realise the potential of the city and explore trends and developments in the supply chain and logistics network,” added Shashi Shekhar, Group Chairman and Founder of SCLG.

Mr. Abdulla Bin Damithan, Director -Commercial, DP World, “Our government today is focussed on investing more on non-oil economy and they are also easing policies to help the industry grow. Dubai’s geographical location gives the trade access to a population base of more than 2 billion people.  Analysts say that GCC will be one of the busiest trade lanes globally by the year 2030. I believe that these developments present huge opportunities to the logistics industry in the region.”

“UAE is the region’s hub and will continue to grow. We need to prepare for the future growth and stay one step ahead.  While our current methods have worked in the past, we now need to come together and find solutions that will help each other in the future,” added Mr. Damithan.

Headquartered in Dubai, SCLG is a membership driven industry body engaged in advancing supply chain and logistics industry locally, regionally and globally. The summit saw a host of eminent speakers at the inaugural session which included, Mr. Atiq Juma Nasib - Senior Vice President, Commercial Services, Dubai Chamber, Mr. Abdulla Bin Damithan, Director -Commercial, DP World, Dr. Donald Tham - Co-Founder & Board Director, Nulogy Corporation (Canada), Dr. Craig Voortman - Campus Head (Bunting): Department of Transport, University of Johannesburg, Mr. Shashi Shekhar, Group Chairman and Founder of SCLG  and  Dr. K.M. Madrecha from the SCLG Leadership Team.

“Supply Chain and Logistics in itself is a backbone of global trade and economy. Dubai Chamber's support in building community cohesiveness in Dubai, UAE and globally within the supply chain and logistics space is highly appreciated by the industry,” added Mr. Shekhar.

SCLG since its inception has significantly grown in its membership and activities. The annual global SCLG summit held in Dubai each year is now recognized as the biggest thought leadership summit in Middle East and Africa region. The summit was backed and supported by many leading names in the supply chain and logistics sector namely, DP World, Swisslog, Al Futtaim Logistics, Etihad Rail, Onbase by Hyden, AurionPro, Godrej among organisations.

The 8th Global Logistics and Supply Chain Summit 2014 with the most relevant theme ‘Technology and automation adoption for Innovation and growth across value chain’ enticed speakers, panelists, from across 20 plus countries including Saudi, Singapore, India, USA, Denmark, Switzerland, South Africa, Canada, Poland, and Austria. The summit included key note speeches, expert panel discussions and focussed delivery tracks to communicate case studies, experience and expertise to aid the industry. Global industry experts along with UAE based experts contributed their insights at the summit thereby setting a path of growth for the industry in Dubai, region and the globe.

“This summit is an apt occasion to bring the spotlight on best business practices and technology solutions in order to achieve maximum growth benefits within the logistics and supply chain industry. At this summit we engaged in a discussion to unlock the hidden potential of supply chain and logistics and help grow the industry. I would like to thank our speakers, panelists and sponsors for the support extended in the development and delivery of this 8th edition of Supply Chain and Logistics Summit,” concluded Mr. Shekhar.

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