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United Arab Emirates Freight Transport Report Q1
- Publication Date:December 2011
- Publisher:Business Monitor
- Product Type: Report
United Arab Emirates Freight Transport Report Q1 2012
BMI expects the UAE's freight transport sector to continue to see healthy growth in 2012 and beyond. This is an expectation that is also shared by the sector, as it continues to invest in expanding ports and developing new infrastructure, such as its first rail network. The country serves as a key freight transport hub for global trade, which is helping drive this growth forward. However, BMI notes that the global headwinds from a weak recovery in the West could threaten this outlook.
Headline Industry Data
- 2012 Jebel Ali and Port Rashid total tonnage throughput growth forecast at 6.6%, and to average 5.7% to 2016.
- 2012 air freight tonnes through Dubai airport forecast to grow by 5.7% and to average 5.3% to 2016.
- The UAE's total trade real growth in 2012 forecast to be 8.4%, and to average 7.1% over the medium term, to 2016.
Key Industry Trends
Development Of Arabian Rail Presents Opportunities For International Companies
Development of the Arabian Peninsula's rail network continues apace, with two new developments announced in September. The region has traditionally been bereft of railways, with even the Hejaz railway, which was established to carry pilgrims from Damascus and beyond to Medina, having fallen out of use following the fall of the Ottoman Empire, leaving only small local lines still in service. The inhospitable terrain and arduous climate have conspired against its development. BMI notes, however, that in the past few years a number of projects have been launched across the region, offering considerable upside potential to the rail freight sector.
Jebel Ali To Expand To 15mn TEUs The Dubai port of Jebel Ali - the seventh largest container facility in the world in 2009 according to Cargo Systems' top 100 rankings - has announced plans for a further capacity extension that would raise its annual capacity to 15mn twenty-foot equivalent units (TEUs). BMI notes that the expansion is required to enable the port to cope with anticipated demand growth, particularly as Jebel Ali continues to be the Gulf region's number one port in terms of tonnage handled.
Drop In Volumes At Dubai International Attributed To Western Economic Uncertainties Cargo volumes through the UAE's Dubai International Airport saw another month of year-on-year (y-o-y) declines in August 2011 as the airport struggles to cope with a drop in demand from markets in Europe and North America.
Key Risks To Outlook
The key risk to our outlook for the Gulf countries remains the threat of further political unrest, which has spread through the wider region as part of the 'Arab Spring'. Although unlikely, should turmoil spread to the UAE then our forecasts could be affected. Furthermore, should the western economies enter a doubledip recession then the UAE's developing role as a transhipment hub for both sea and air could be impacted.
- Executive Summary
- SWOT Analysis
- United Arab Emirates' Freight Transport Industry SWOT
- United Arab Emirates Political SWOT
- United Arab Emirates Economic SWOT
- United Arab Emirates Business Environment SWOT
- Industry Trends And Developments
- Market Overview
- Global Oil Products Price Outlook
- Industry Forecast
- Maritime Freight
- Table: Maritime Freight - Throughput, 2008-2016 ('000 tonnes)
- Air Freight
- Table: Air Freight, 2008-2016
- Table: Trade Overview, 2008-2016
- Table: Key Trade Indicators, 2008-2016
- Table: Main Import Partners, 2002-2009 (US$mn)
- Table: Main Export Partners, 2002-2009 (US$mn)
- Political Outlook
- Domestic Politics
- Long-Term Political Outlook
- Macroeconomic Outlook
- Table: UAE - GDP By Expenditure, Current Prices Breakdown, 2008-2016 (AEDbn, unless stated)
- Company Profiles
- Emirates SkyCargo
- Etihad Crystal Cargo
- Gulf Energy Maritime
- United Arab Shipping Company (UASC)
- Abu Dhabi National Tanker Company
- Gulf Navigation Holding
- Country Snapshot: UAE Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2000-2004
- Table: Consumer Expenditure, 2000-2012 (US$)
- BMI Methodology
- How We Generate Our Industry Forecasts
- Transport Industry