Logistics industry expected to reach $15.5 trillion by 2020
October 4, 2017, Dubai (UAE): The National Association of Freight and Logistics (NAFL), the oldest association of freight and logistics service providers in the Middle East, will bring the spotlight on the United Arab Emirates (UAE) as a logistics hub at the world’s largest gathering of international freight and logistics experts and decision makers at the FIATA World Congress to be held in Kuala Lampur, Malaysia, from October 4-8.
UAE is among the biggest contributors to the GCC’s logistics sector. With Dubai alone awarding construction contracts worth AED 11 billion this year in preparations for the World Expo 2020 and investing much more toward developing infrastructure and enhancing its logistics facilities in the run upto the Expo, the country offers unparalleled smart infrastructure facilities for international businesses.
Nadia Abdul Aziz, President, NAFL, said: “The UAE’s strategic geographic location, ports facilities, strong and modern infrastructure, make it an ideal hub for hosting international events. The vision of our leadership to adopt the latest innovative technologies, introducing latest innovative transport solutions such as hyperloop, flying taxi, make it an ideal location. Our focus for this participation is to further promote the UAE as a hub of logistics and a top destination for international events.”
Globally, the logistic industry is expected to reach $15.5 trillion by 2025, at an average annual growth rate of 7.5per cent. As business worldwide becomes increasingly borderless, companies are seeking to expand their operations and are seeking efficient and reliable movement of goods across international borders.
The NAFL delegation, which will meet with world’s logistics experts and update, brainstorm, share information and speak on ground-breaking issues pertaining to the industry, during the five-day congress.
The delegation will comprise of Abdullah bin Khediya, General Coordinator, Nadia Abdul Aziz, President, Ahmed Abdul Razak, Vice President, Praveen Chandrasen, Board Member, Ibrahim Abu Zayed, Board Member, Sudesh Chaturvedi, Board Member, and other leaders from freight and logistics industry in the UAE.
Established in 1992, NAFL has been actively working toward ensuring the UAE's leading position and Dubai's pre-eminence in the international freight and transportation fields for the last 25 years.
Earlier this year, NAFL participated in Global Logistics Summit held in Tanzania and Region Africa and Middle East (RAME) conference in Morocco. The Association also signed MoUs with freight forwarders associations in Tanzania and Morocco to work together in promoting efficiency in transit transport and trade facilitation.
NAFL, which has more than 400 members, is a member of FIATA, the International Federation of Freight Forwarders Associations, based in Zurich, Switzerland. The committee organises a range of activities, seminars, conferences and training sessions and networking events with the objective of enhancing the UAE freight and logistics standards, throughout the year.