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Mon 14 Oct 2019 02:03 PM

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Dubai launches 'World Logistics Passport' to help boost trade

New passport will help facilitate commercial transactions and connect government entities with logistics service providers

Dubai launches 'World Logistics Passport' to help boost trade
Sheikh Hamdan bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council.

Dubai hopes to boost trade and enhance its transportation sector with a ‘passport’ that will offer businesses and shipping firms ‘a unique set of advantages’ and help connect government entities with service providers, Dubai Customs has announced.

In a statement posted to the website of the Dubai Media Office, Dubai Customs said the ‘world logistics passport’ will help link government entities such as Dubai Trade with logistics providers such as DP World and Dnata, while also helping facilitate commercial transactions among concerned bodies in Dubai.

The statement added that the passport will enhance demand for Dubai’s products, services and transportation systems.

Sheikh Hamdan bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, said that the implementation of the Dubai Silk Road strategy will help boost Dubai’s role as a global economic and business hub.

“Through this strategy, we will offer many privileges and services that will help connect international markets by mobilising Dubai’s resources and infrastructure,” he said. “The investments we made in Dubai’s ports, airports and free zones made the city a global logistics hub and a bridge between the east and west.”

“The Dubai Silk Road strategy responds to the changes in international trade by offering new state-of-the-art logistics services using the latest smart applications,” he added.

Sheikh Ahmed bin Saeed Al Maktoum, president of the Dubai Civil Aviation Authority and chairman of Emirates Group, said that the move will help businesses by saving time and effort and reducing operational costs.

“This is a powerful tool that will eventually lead to increased revenues,” he added. “We are keen to offer investors and businesses new advantages in conducting global trade.”