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Mazaya Monthly Real Estate Report -
Week 1 - JUNE 2015
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Al Mazaya report points out that
hosting events like these is exactly
the right direction in which Gulf
countries should continue to move
as they seek to showcase their
logistics credentials and to influence
the
industry’s
powerbrokers.
Al Mazaya report believes the Gulf
logistics sector is ripe for investment: the
previous six years have seen sustained
growth and by the end of the current
year we expect the industry to be worth
a total $27bn, with SR67bn of logistics
activity in Saudi Arabia alone. In Qatar, a
recently constructed logistics village will
complement Hamad International Airport,
Doha Port, the Third Economic Region
and the country’s ever increasing sports
facilities in seeing the emirate’s logistics
activity grow exponentially. In Oman, the
recently published Logistics Strategy
2020 document demonstrates the
seriousness with which the government
has addressed the need to proactively
encourage the logistics sector to prosper.
Several Gulf countries have in recent years
established a thought leadership position
within the global logistics industry by
undertaking responsibilities such as the
hosting of prestigious conferences. For
example, the hosting of the Federation of
National Associations of Shipbrokers and
Agents (FONSBA) in Dubai demonstrated
the emirate’s willingness to listen to the
needs of the industry while providing
an important forum for information
sharing and expression. Delegates left
having formed a positive impression
of Dubai’s capabilities after seeing its
impressive facilities. Likewise, at the
start of 2015, Saudi Arabia hosted the
Public Transport Projects Exhibition,
establishing itself as a player in the
future of the global freight industry.