Trade between UAE and US grew 118% during a ten-year period
FedEx Express has added an extra flight on its Memphis-Dubai Boeing 777F route, catering for increased trade Middle East and the US.
FedEx launched the first dedicated flight between the US and the UAE in 1989 to Dubai, and has helped boost trade between the US and the Middle East region, according to Jack Muhs, regional president, FedEx Express Middle East, Indian Subcontinent and Africa.
“As the first to launch a dedicated flight between the USA and the UAE, FedEx has unrivalled expertise in shipping from and to the USA, and since 2011, the FedEx Boeing 777F flight has provided unparalleled access to boost trade between the US and the Middle East,” Muhs said
“Flights on the Memphis-Dubai route also transit through Europe, giving businesses greater access to these critical markets, enabling stronger inter-continental trade links with added capacity between the Middle East into the European Union.”
In 2012, FedEx Express opened a facility in Garhoud to accommodate growing shipping demands. The new facility houses an operating station, 24/7 customer service call centre and a retail service centre.
US exports to the UAE grew by 118% between 2006-2016, with the UAE now ranked as US’s 28th largest trading partner, with a total trade value of $24 billion worth of imports and exports in 2017.
The UAE is also the largest export market for the European Union in the Gulf region, with exports amounting to $48bn, and total trade in goods between the EU and the UAE amounting to $60bn in 2017.For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.