(MENAFN- Khaleej Times) The number of truck movements from Dubai to regional markets have increased from 14000 in 2012 to 21000 in 2013.
Dubai — A virtual freight and logistics corridor launched by Dubai Customs and the Department of Economic Development (DED) in Dubai is expected to boost trade a major driver of the UAE’s GDP.
The corridor connects the seaports airports and free zones in Dubai on a single platform enabling hassle-free customs clearance and movement of cargo.
Air freight loaded at Dubai International Airport grew by 26 per cent and air freight discharged increased 31 per cent between 2009 and 2014.
The total number of vessels calling at Dubai Ports grew by 48 per cent compared to five years ago. Jebel Ali Port witnessed 45 per cent rise in containers loaded and 41 per cent in containers discharged during the same period.
The number of truck movements from Dubai to regional markets have increased from 14000 in 2012 to 21000 in 2013.
More than 12000 transfers of cargo have been processed since the corridor’s pilot phase was launched in September 2014. Also deposit-related financial burdens have been minimised by around Dh120 million.
The virtual corridor was launched at a ceremony held in the presence of Sultan Ahmed bin Sulayem chairman of Ports Customs and Free Zone Corporation and chairman of DP World; Ahmed Mahboob Musabih director of Dubai Customs; and Sami Al Qamzi director-general of the DED. Al Qamzi said: “The introduction of the virtual freight and logistics corridor has reduced the time and cost for transshipment via Dubai significantly. This collaborative approach will attract new businesses in trade and logistics as well as develop businesses locally and increase investment inflows.”
Musabih said the corridor is a major catalyst in the implementation of trade and economic objectives of Dubai Plan 2021.
Agencies that contributed to the initiative include DP World Dubai World Central Economic Zones World Dubai Airports Dubai Airport Free Zone Authority (Dafza) and Dubai Trade.
Private companies that helped in the project’s pilot phase are Dubai Express Aramex Weiss-Rohlig UAE DB Schenker Expeditors International Gulf Agency Transguard among others.
More than 40 per cent of Dubai’s GDP comes from two sectors: transport storage and communication and wholesale retail trade and repairing services according to Al Qamzi. Over 30 per cent of total employment also is created from these sectors.
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