UAE logistics sector' contribution to GDP projected to hit 8% by 2021

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ABU DHABI - The UAE's logistics sector has been making great strides over the recent years, as the country retains its advanced ranking across global competitiveness indices thanks to the strong offerings of its free zones and massive infrastructure investments.

Within this positive outlook perspective, the Federal Competitiveness and Statistics Authority said the logistics sector's gross output amounted to AED219 bn last year, with the sector's contribution to the country's GDP projected to increase to 8 percent by 2021.

As part of the UAEs economic diversification plan UAE Vision 2021, Abu Dhabi Economic Vision 2030 and Dubais Industrial Strategy 2030, the development of the logistics sector is seen as a strategically important goal for sustained long term success of the national economy.

Studies developed by the Ministry of Economy believe that the country's integrated free zones, massive investments in infrastructure and fast-growing e-commerce are some of the key reasons that are driving the logistics industry and putting the UAE ahead of the most of the emerging markets globally.