United Arab Emirates Freight Transport and Shipping Report Q2 2018
The UAE trade outlook for the short- and medium-terms remains positive with steady upwards momentum on thehorizon over the 2018-2022 period. A number of factors will drive trade and logistics growth over the coming years and supportsteady expansion of the economy. Factors supporting economic expansion will include government efforts to reorient the economyaway from oil exports and towards developing new service sectors such as tourism, IT, healthcare and smart technology. Furthertrade and logistics growth will be derived from the robust construction pipeline active in the country out to 2022. We note that therecovery in oil prices this year and over the medium-term will further support government revenues and fund infrastructuredevelopment programmes.