Global marine terminal operator DP World will be showcasing some of the company’s innovations for the ports and logistics industry during UAE Innovation Week, a celebration of innovation in the country in line with the directive of the President His Highness Sheikh Khalifa bin Zayed Al Nahyan to mark 2015 as the “Year of Innovation.”
Global marine terminal operators DP World, Hutchison Port Holdings Limited (HPH), APM Terminals, PSA International and Shanghai International Port Group (SIPG) – five of the world’s largest port operators, and joined by the Port of Rotterdam Authority (PRA), have launched the first ever joint industry initiative of this magnitude to promote environmental awareness and make a sustainable difference in the communities in which they operate.
Rising non-oil trade between the UAE and the rest of the world is the return on the country’s continuing investment in logistics infrastructure. Dubai government officials boast of building the most efficient logistics corridor in the world to link Jebel Ali port and free zone with Al Maktoum International Airport, which aims to be the world’s largest airport by capacity. Jebel Ali, the Dubai World Central logistics hub and the Khalifa Industrial Zone Abu Dhabi (Kizad) are all key parts of the government’s Vision 2021 document. These are not vanity projects, they offer solid economic rewards.
The organisers behind next week’s Cityscape Global in Dubai have released a survey suggesting most investors expect the UAE’s real estate market to grow over the next year, contrary to analysts’ expectations.
Dubai Customs (DC), has made a leap of 4.57 per cent in the transactions processed in the first half of 2015, reflecting the UAE’s stronger economy and growing business and investment appeal.