(MENAFN) The UAE logistics sector is predicted to increase by 4 percent this year, with annual growth rate of 5.7 percent between 2015 and 2020.
Accordingly, the key drivers of the industry are Expo 2020, national logistics development plans and trade with Asia and Sub-Saharan African countries.
Additionally, the emphasis on local output has made scope for substantial cargo volume growth to and from the UAE, leading to connectivity and network.
The increase will spur expansion of the logistics service providers (LSP), enhancing their competitiveness and transformational growth via capacity expansion.
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