UAE logistics sector's contribution to GDP projected to hit 8% by 2021

UAE logistics sector's contribution to GDP projected to hit 8% by 2021
Published: 22 September 2019 - 9:10 a.m.
By: Logistics Middle East Staff

The UAE's logistics sector will benefit from the country’s free zones and massive infrastructure investments, with significant growth anticipated between now and 2021.

According to the Federal Competitiveness and Statistics Authority, the logistics sector in the country is expected to contribute 8% to the UAE economy by 2021, up from the current 5.4% listed by the official UAE government portal.

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Within this positive outlook perspective, the Federal Competitiveness and Statistics Authority said the logistics sector's gross output amounted to AED 219-billion last year.

As part of the UAE’s economic diversification plan UAE Vision 2021, Abu Dhabi Economic Vision 2030 and Dubai’s Industrial Strategy 2030, the development of the logistics sector is seen as a strategically important goal for sustained long term success of the national economy.

Studies developed by the Ministry of Economy believe that the country's integrated free zones, massive investments in infrastructure and fast-growing e-commerce are some of the key reasons that are driving the logistics industry and putting the UAE ahead of the most of the emerging markets globally.


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