United Arab Emirates Freight Transport and Shipping Report Q4 2017
BMI View: The overall economic and trade outlook for the UAE remains stable in 2017 and over the next five years to 2021.We note that trade levels will grow at a steady pace over the course of our medium-term forecast period to 2021. That said, the rate of expansion will slow over the period, in line with global trends. Efforts to diversify the economy away from hydrocarbons and towards new service sectors such as tourism, IT and healthcare will all support growth. Furthermore, the country is actively improving its bilateral trade relations with a number of partners, and this will support new market growth.
Latest Updates And Forecasts
We forecast road freight to increase by 1.3% in 2017 to 29.4mn tonnes, and air freight handled at Dubai International to increase by 5.1% to 2.7mn tonnes.
We expect container throughput at Port of Jebel Ali to increase by 4.0% to reach 16.3mn twenty-foot equivalent units (TEUs) in 2017, and tonnage throughput at Khalifa Port by 8.0% to reach 18.1mn tonnes.