UAE ranked first as the ‘Most Improving Country in the GCC’, followed by Bahrain ranking second in the Arab world on the Logistics Performance Index 2023 published by the World Bank.
The kingdom advanced 25 positions on the index and 58 positions on the ‘Timeliness Subindex’ to take the second spot in MENA and top 10 globally. Bahrain also ranked first among GCC countries in terms of minimal number of delay observations in imports and exports.
The World Bank report was created by compiling data from May to October 2022 across 139 countries, using six components including quality of trade and transport infrastructure, efficiency of customs clearance and the ability to track consignments.
Ahmed Sultan, Executive Director of Business Development of Manufacturing, Transport, and Logistics at the Bahrain Economic Development Board, said: “Bahrain’s high ranking and favourable performance was earned in view of its robust supply chain and advanced logistics infrastructure. Bahrain serves as a gateway to the Gulf, with unparalleled access to MENA and beyond, where companies can benefit from Free Trade Agreements covering 22 countries offering privileged, duty-free access to 30 percent of the world’s GDP.”
“In line with the Economic Recovery Plan, this milestone ranking is a step in the right direction in achieving the targets outlined in the Logistics Services Sector Strategy which seeks to secure the kingdom’s position among the leading global logistics services hubs,” he added. Bahrain’s logistics sector is a priority for the kingdom, which aims to position Bahrain as one of the top 20 global destinations for logistics services and increase the sector’s GDP contribution in 2030.
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