The UAE’s non-oil foreign trade hit a new high in 2023, reaching AED 3.5 trillion ($953 billion) for the first time in the country’s economic history. Additionally, the UAE’s freight and logistics market size is now estimated at $20.11 billion in 2024, and is expected to reach $30.19 billion by 2030, growing at a CAGR of 7.01% during the forecast period (2024-2030), based on a report by Mordor Intelligence.
If this indicates anything, it is that the logistics sector is already a key contributor to our nation’s economic expansion, positioning the UAE at the heart of international trade.
Al Maktoum International Airport
Following the recent announcement by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, regarding the approval of designs and the commencement of construction for the new Al Maktoum International Airport passenger terminals, Dubai South, strategically located near the airport, is well-prepared to support the government’s vision. Its integrated ecosystem, which encompasses logistics, real estate, and aviation sectors, means that it is bound to play a key role in this major initiative.
When H.H. Sheikh Mohammed bin Rashid Al Maktoum announced the Dubai Economic Agenda ‘D33’, one of its key priorities was to establish Dubai as one of the top five logistics hubs in the world. This is the roadmap that we have been following in the Logistics District at Dubai South.
Demand for logistics in Dubai South
As Al Maktoum International Airport’s new terminal buildings near completion, we anticipate a significant increase in demand for logistics services at Dubai South. The Logistics District stands as a pinnacle of logistical innovation, offering uninterrupted access to both the airport and Jebel Ali Port via a bonded logistics corridor. This connectivity ensures smooth and efficient transport of goods through land, air, and sea, allowing movement between the ports in as little as 20 minutes. We take pride in hosting 9 of the top global logistics companies in our district, which reiterates our strong position in the regional logistics realm.
With our state-of-the-art infrastructure, advanced services and solutions, and the overall framework of Dubai South, we can cater to the needs of global companies and help them with their expansion endeavours. Our capabilities position us at the forefront of contributing to the government’s vision of handling 12 million tons of cargo annually once the airport starts operating.
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Dubai South to support UAE growth
It almost goes without saying that Dubai is unceasing in its pursuit of growth and advancement. At Dubai South, we are fully dedicated to supporting our wise leadership’s initiatives that further reiterate the emirate as a global logistics hub.
By leveraging our future-proofed systems and resources, we are positioned to meet the demand for these services. Our commitment extends to assisting regional and international firms to capitalise on the opportunities presented by Al Maktoum International Airport, which is poised to significantly impact numerous vital sectors that significantly boost the Dubai economy.
