By Robeel Haq
The logistics industry has entered 2007 with a positive outlook throughout the Middle East.
The logistics industry has entered 2007 with a positive outlook throughout the Middle East. The incredible boom we experienced last year shows no signs of slowing down. Indeed, the recent launch of Bahrain Investment Wharf (BIW) has only highlighted the region’s confidence in sustaining similar levels of growth in the future.
The multi-million dollar project will include an ambitious logistics park, with a string of warehousing facilities spread across 250,000m2, supported by one of the Middle East’s most impressive transport networks.
BIW has already received a positive response from the industry, which is hardly surprisingly, since Bahrain’s share of the regional logistics market is expected to increase considerably over the next five years. In particular, the free trade agreement (FTA) between the Kingdom and the United States of America has created a host of export opportunities for US industries to Bahrain and neighbouring countries. This is great news and demand for logistics services will undoubtedly flourish in coming years.
Of course, Bahrain is facing strong competition from its regional neighbours for a share of the lucrative logistics market. Saudi Arabia is marketing its forthcoming Prince Abdul Aziz Bin Mousaed Economic City as the Middle East’s largest centre for logistics activities. Egypt has also revealed major plans to develop its transport infrastructure in partnership with a number of financial institutions, including the Gulf Finance House.
There’s also a variety of different projects planned in the United Arab Emirates, such as Fujairah’s logistics park, Sharjah’s investment centre and, of course, Dubai’s logistics city, which is expected to change the mechanics of the logistics industry once it becomes operational later this year.
The importance of Dubai Logistics City (DLC) cannot be over-emphasised.
Therefore, Logistics Middle East is proud to announce, starting this issue, that DLC’s chief executive officer Michael Proffitt has joined the magazine as a regular columnist. Every month, readers can enjoy reading Michael’s views on the most relevant topics affecting the Middle East logistics industry today, starting with the importance of supply chains. As one of the most respected people in the industry, we’re sure you will enjoy reading his column as much as everyone associated with the magazine.