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Chinese firms to invest $4 billion in UAE logistics projects

Jun 12

Chinese firms to invest $4 billion in UAE logistics projects

The logistics industry in the UAE is in for big growth with more logistics parks coming up in Dubai and Abu Dhabi and Chinese companies are set to invest more than $4 billion (Dh14.68 billion) in logistics projects in Dubai and Abu Dhabi, according to the President of National Association of Freight and Logistics (NAFL).

“Logistics business is in for a boom. Many projects are being built for Expo 2020 and Chinese investors are coming to Abu Dhabi and Dubai. There will be large logistics parks in Jebel Ali and one near the Expo venue. One is for food processing and the other is for manufacturing and exporting. There will be $4 billion (Dh14.68 billion) investment by Chinese companies. Abu Dhabi will also have a huge logistics project that will boost the trading sector in the UAE,” said Nadia Abdul Aziz, President, NAFL and Vice President, Global Extended Board, the International Federation of Freight Forwarders Associations (FIATA).

Nadia Abdulaziz expressed her deep appreciation to Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, President of Dubai Airports, Chairman and CEO of Emirates Airline and Group, for his guidance and continuous support to the NAFL for realising its vision and and goals.

Addressing NAFL members during its Annual General Meeting at Armani Hotel, Burj Khalifa, Nadia said the government is working to attract foreigners to come and invest, manufacture and export in order to boost trade which is contributing 30 per cent to Dubai’s GDP.



“NAFL continues to build government relations to always promote the industry and assist investors to come and invest in the UAE. More importantly, the Association’s mission is to raise the logistics service industry standards in the UAE,” she said.

“We are working to raise the industry standards, by training, networking, solving industry issues, by looking at opportunities to help the members, and by building platform for the members to market their companies. We also represent the UAE in international events and attract foreign direct investment (FDI) to the country,” she added.

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