India, which has been projected to be a world economic superpower by 2020 by analysts globally, has revealed that its exports will touch US$150 billion by 2008-09 - a significant opportunity for Dubai's trading hub proposition.
"After the liberalisation of its economy in 1991, India followed with the opening up of its markets to global players and went on a fast track economic boom with an 8-9% GDP growth per year," said Michael Proffitt, CEO, Dubai Logistics City.
"The UAE continues to be India's second largest trading partner in the GCC and with current attractive projections for its export market, India is a key market not just for DLC's unique logistics platform but for Dubai's business model too.
"India's liberalisation 17 years ago also led to a huge airfreight growth of about 18% annually. With commercial fleet-agreements worth US$30 billion during the next decade, its textile industry production poised to increase 129% to US$85 billion by 2010 - most of it for export and 80% of its US$9 billion annual pharmaceutical output exported, Indo-UAE trade is bound to grow exponentially over the next 10 years."
With the Dubai World Central - Al Maktoum International Airport, set to be the world's largest airport, fully operational by 2015, DLC's proposition as a one-stop logistics shop both inbound to the emerging Sub-continent superpower and outbound to the consumer hungry markets of the West gains greater significance as India's aviation projections complement Dubai's booming transportation infrastructure.
Proffitt will highlight these points in a compelling case study through a keynote address on the opening day to win over investors, tenants and industry operators.
"With 50% of the world's air cargo still being transported in the aircraft belly, India's air cargo and aviation sector growth is linked to the Middle East's economic boom," said Abdulla Al Falasi, DWC's Director for Marketing and Corporate Communications.
"DLC's strategic geographical position and excellent infrastructure adds to Emirates push into India through connecting Dubai to most vital Indian cities. This will also enable Indian operators to use flights landing at the Al Maktoum International Airport, seamless transportation onward to other countries," added Al Falasi.
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Dubai Logistics City looks into key prospects at Air Cargo India
- United Arab Emirates: Wednesday, January 23 - 2008 at 15:55
- PRESS RELEASE
Dubai Logistics City (DLC) - part of the world's first truly integrated logistics and multi-modal transport platform within the giant Dubai World Central (DWC) urban aviation community being built in Jebel Ali, Dubai, will be looking at key prospects from India's globalisation process, at Air Cargo India 2008 in Bombay from the 24th -25th January.
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About Dubai World Central:Dubai World Central (DWC) is a 140 square kilometre urban aviation community centred around the world's largest international airport. Currently being built 40 kilometres from the existing Dubai International Airport the project is almost twice the size of Hong Kong Island.
DWC creates a new benchmark in urban planning and destination living designed to support Dubai's aviation, tourism, commercial and logistics requirements until 2050 and represents one of the most important developments in the history of the United Arab Emirates.
Eventually home to 900,000 people, DWC will be true 'city-within-a-city' with all the amenities that make up a world-class residential destination.
DWC, with infrastructure costs estimated at US $33 billion, comprises six specialized clustered zones: Al Maktoum International Airport, Dubai Logistics City (DLC), DWC Commercial City, DWC Residential City, DWC Aviation City and DWC Golf City.
DWC is endorsed by the Government of Dubai and is chaired by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai City of Aviation Corporation - Dubai World Central, Government of Dubai.
About Dubai World Central components:
Al Maktoum International Airport when completed will be the world's biggest passenger and cargo hub, with a capacity of 120 million passengers and more than 12 million tonnes of cargo annually. The airport will have six parallel runways and as many concourses with a 91 metre high control tower that will be an aviation landmark in the Middle East.
Dubai Logistics City (DLC) will be part of the world's first truly integrated multi-modal logistics platform in a single-bonded free zone environment made up of DLC, JXB and Jebel Ali Port. It is designed as the region's unchallenged logistics hub catering to some two billion people throughout the Middle East, Indian Sub-continent, Africa and the CIS, all within three-to-four hours flying time from Dubai.
DWC Aviation City will be the region's premier centre of excellence for aviation manufacturing, MRO, aviation support services and consultancy, research and development, training, aviation products and parts and high tech industries. It is a unique concept to establish a complete aviation cluster in one area to cater to the region's aviation growth. It is strategically located to provide clients access to emerging markets as well as servicing the fast growing Middle East market.
DWC Commercial City will be DWC's business and finance hub featuring more than 850 towers, ranging from 1 - 45 storeys in height. The city, expected to employ 130,000 people, will also boast 25 hotels ranging from deluxe, through to five-star, four-star and three-star properties.
DWC Residential City will include a mix of five-ten storey mid-cost apartment blocks. Up to 250,000 people are expected to live in this 'city'. A special staff village will house blue-collar workers within high-quality accommodation.
DWC Golf City will feature two 18-hole golf courses, extensive practice facilities, driving ranges, putting greens, a luxury clubhouse with restaurants and a pro-shop. Over 5,000 freehold homes will surround the courses. The resort will also feature a high-end boutique hotel.
For more information please contact:
MCS/Action, PO Box 20970, Dubai, United Arab Emirates
Gladson Ronad
Tel: +9714 390 2960
Fax: +9714 390 8161
Mob: +971 50 4533479
or
Fouad Kassem
Tel: +9714 390 2960
Fax: +9714 390 8161
Mob: +971 50 6324150
Posted by Medilyn Manibo, Assistant News EditorWednesday, January 23 - 2008 at 15:55 UAE local time (GMT+4)
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