Presentation is loading. Please wait.

Presentation is loading. Please wait.

Mahmood Al Bastaki Chief Executive Officer, Dubai Trade August 26, 2014 Perspectives from Dubai, United Arab Emirates.

Similar presentations


Presentation on theme: "Mahmood Al Bastaki Chief Executive Officer, Dubai Trade August 26, 2014 Perspectives from Dubai, United Arab Emirates."— Presentation transcript:

1 Mahmood Al Bastaki Chief Executive Officer, Dubai Trade August 26, 2014 Perspectives from Dubai, United Arab Emirates

2 State of the World Economy & Trade Share of World Trade has increased by more than 12% in World GDP, bouncing back from the slump in 2008/09 as compared to 9% growth in the previous 10 years from 1993 to 2002 Data Source – World Bank. World Trade above refers to World Merchandise Trade

3 Broad Trends that fuelled Trade growth Slow growth in Local markets Increased globalisation of Multi National Companies Creation of New Global Value Chains Advancement in Shipping, Air & Railroad Innovations in ICT Unbundling of Services

4 Importance of Logistics Centers in the Global Value Chains Value added operations Provide intermodal connectivity Foster infrastructure rationalization Improve transportation quality & service frequency

5 Core components of a Logistics Center Infrastructur e Operators Logistical service providers Transport providers Trade Facilitators Trade Policy Regulators Hard Infrastructure Soft Infrastructure

6 Logistics Center – Dubai Example Hard Infrastructure Soft Infrastructure

7 Logistics Center – Dubai Example Palm Jebel Ali Palm Jumeriah World Islands Jebel Ali Port Cruise Terminal Jebel Ali Free Zone Dubai World Central Cargo Village Airport Free Zone Dubai Airport Jebel Ali Port: The 9 th largest in the world (2012). Planned capacity to reach 19 mn TEU by 2014 Dubai International Airport Cargo Gateway: 2 nd busiest airport in the world (international passengers) and 3 rd for international freight traffic. Jebel Ali Free Zone: One of the largest free zones houses 7,300 multinational companies which generated trade worth USD 100 billion in Dubai World Central: Planned to become the busiest airport city in the world, DWC handled 210,000 tonnes of cargo in 2013 Logistics Corridor Dubai World Central Master Plan

8 Logistics Center – Dubai Example Hard Infrastructure Soft Infrastructure

9 Freight Forwarders & Customs Brokers Transport Companies Free Zone Companies Customs Authority Sea Port Operator Shipping Lines & Agents Company Licensing Authorities Exporters & Importers Air Cargo Handlers Financial Institutions Insurance Companies Soft Infrastructure Participants Chamber of Commerce Visit Multiple countersLong queues at countersPaper intensive Lack of transparency and standardised procedures Permit Authorities

10 Dubai Trade - Single Window for Trade Freight Forwarders & Customs Brokers Transport Companies Free Zone Companies Shipping Lines & Agents Exporters & Importers

11 Seamless integration between the two is a must Hard Infrastructure Soft Infrastructure

12 Pioneering Innovations More than 83 million transactions handled through Dubai Trade. Over 85% of cargo moves without human intervention by Dubai Customs. 45 min transit time between Sea-Air trans-shipment at Jebel Ali – DWC using the logistics corridor. Over 20 leading Free-trade zones in Dubai with close proximity to all modes of transport. Extended the single window to over 30 entities who offer their e-Services to nearly 100,000 companies.

13 Key Indicators 30 entities connected 45 min transit time between Sea-Air trans-shipment 83 million transactions 85% of cargo moves without human intervention by Customs Trading across Borders rank #4 Registered Companies 100,000

14 Impact on the Economy % 6 > TOTAL SAVINGS IN EXPORT AND IMPORT TO TRADERS $40.2 BN Source – Emirates Competitiveness Council Policy in Action Series, Issue 03 (Dated Jan, 2012) COST OF CAPITAL (ASSUMPTION) 0.04% PER DAY DAYS SAVED IN EXPORT DAYS SAVED IN IMPORT 3 PER TRANSACTION 3 TOTAL MERCHANDISE EXPORT $185 BN TOTAL MERCHANDISE IMPORT $150 BN TOTAL SAVINGS IN EXPORT $22.2 BN TOTAL SAVINGS IN IMPORT $18.0 BN X X X = = TOTAL SAVINGS IN EXPORT AND IMPORT TO TRADERS $40.2 BN

15


Download ppt "Mahmood Al Bastaki Chief Executive Officer, Dubai Trade August 26, 2014 Perspectives from Dubai, United Arab Emirates."

Similar presentations


Ads by Google