UAE sets Dh200bn transport logistics goal to drive global trade

The UAE on Monday set out plans to strengthen the country's position as a leading hub for global trade and raise the value of its logistics sector to Dh200 billion ($54.45 billion) annually within the next seven years. Sheikh Mohammed bin Rashid , Prime Minister and Ruler of Dubai, announced the launch of the Emirates Council for Logistics Integration to oversee the vision for the future. He said the new body would be responsible for driving up UAE trade around the world by bolstering integration in roads, rail, ports and customs. Sheikh Mohammed, also Vice President, outlined the strategy while presiding over the latest meeting of the UAE Cabine t at Qasr Al Watan in Abu Dhabi. "During the meeting, we approved the establishment of the UAE Logistics Integration Council, aimed at aligning efforts and ensuring seamless co-ordination to strengthen the UAE’s position as a global trade hub," Sheikh Mohammed said, in remarks shared by the UAE government Media Office. "The council will bring together all key federal and local entities, including ports, roads, transport, customs, railways and border crossings, ensuring efficiency and synergy in the sector. With the logistics industry valued at Dh129 billion in 2023, our goal is to expand it beyond Dh200 billion over the next seven years, reinforcing the UAE’s role as a central hub for global trade and commerce." Sheikh Mohammed highlighted the crucial role to be played in the nation's development by Etihad Rail's high-speed train project, announced last month. The 30-minute passenger rail service between Abu Dhabi and Dubai will carry trains travelling at up to 350kph on a route that will pass through "key destinations and tourist attractions". The new high-speed electrified line will feature six stations at Reem Island, Yas Island, Saadiyat Island, Zayed Airport, close to Al Maktoum Airport in Dubai and Jaddaf, near Dubai Creek, Etihad Rail said. "We reviewed one of the country’s most significant infrastructure projects, the Etihad High-Speed Passenger Rail," Sheikh Mohammed added. "With a speed of 350kph, this railway is set to transform mobility and economic connectivity across the emirates. "Its contribution to GDP will exceed Dh145 billion over the next five decades. More than just a railway, Etihad High-Speed Train represents a new national ambition, a strategic federal link and a step towards building an infrastructure that remains among the best and most advanced globally." During the meeting, ministers approved a new phase of the UAE Strategy for Talent Attraction and Retention 2031. The policy is central to the UAE's efforts to secure the brightest and best minds from across the globe to bolster key sectors, such as technology, renewable energy, health care and biotechnology, logistics and aviation, advanced industries, financial services, food and water technology, and the creative economy. The Cabinet cited a LinkedIn report which named the UAE as the world's leading destination for workers seeking to broaden their career horizons and enjoy a high standard of living. The UAE leads the Middle East and North Africa region in human development and ranks first in the UN’s Human Development Index, the media office said. The Cabinet also announced the launch of Government Innovation Month during the meeting. Sheikh Mohammed said innovation was "an integral part of the government’s culture, operations, and execution". Sheikh Mohammed added: "The Mohammed bin Rashid Centre for Government Innovation, which we established earlier, exports best practices and expertise to over 30 governments worldwide, further solidifying the UAE’s leadership in government innovation. Innovation will remain at the heart of enhancing government efficiency, improving lives and driving business growth across the UAE. During the ministerial meeting, Sheikh Mohammed said the government had adopted the National Cybersecurity Strategy, which aims to bolster the UAE's online security measures. "The UAE is ranked among the top global performers in the 2024 Global Cybersecurity Index and we have one of the most secure and advanced digital infrastructures in the world," the Prime Minister said. "In the coming phase, we will continue strengthening cybersecurity measures, ensuring a resilient and secure digital environment that protects national assets, and supports future progress.” The Cabinet reviewed the important work being carried out under the National Strategy to Combat Desertification 2022-2030, highlighting its significant achievements to date. A total of 1,800 hectares of previously degraded land have been rehabilitated under the long-term project, with the proportion of degraded land in the Emirates reduced to only 1.2 per cent. Smart monitoring systems powered by artificial intelligence have been instrumental in stabilising carbon levels in soil, the Cabinet was told.

UAE sets Dh200bn transport logistics goal to drive global trade

Sheikh Mohammed bin Rashid sets out plans to bolster connectivity as he highlights success of Etihad Rail