Global logistics sector to reach $16.36 trillion by 2027

DUBAI: The global logistics sector is experiencing unprecedented growth, with the recent Mordor Intelligence report estimating its market size to reach $16.36 trillion by 2027. The MEA region plays a pivotal role within this landscape as a vital bridge connecting continents and facilitating trade flows worth trillions of dollars.

The UAE National Association of Freight and Logistics (NAFL) has announced the 2024 FIATA RAME (Region Africa and Middle East) Field Meeting and conference dates. Held under the esteemed patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum- Honorary patron of NAFL, the two-day event, scheduled for March 5th and 6th, 2024, in Dubai, will bring together leading industry experts, policymakers, and stakeholders to discuss critical trends and strategies shaping the future of logistics in the MEA region. It will also highlight the growth opportunities in the industry and the economy in the region.

Fiatadirectorgeneraldrstéphanegrabercommented, “In this field meeting, FIATA will convene its Region Africa and Middle East delegates, and the general freight forwarding community in the region, in this opportunity to explore how to build a more resilient supply chain given the ongoing crises in the Middle East, with the use of multimodal transport to support and facilitate the industry cargo flow.” Ms Nadia Abdul Aziz, President of the NAFL, which is the hosting association for this year’s edition, said: “The conference is a gateway to exploring the immense potential of the UAE logistics sector as the country is positioned as the logistics hub for the neighbouring GCC countries and the wider MEA region.”