Air cargo volume in Dubai is expected to grow by 4.5 per cent on an annual basis to reach 2.61 million tonnes during the next year, according to Business Monitor International Research (BMI Research).
BMI Research points out in a report about the local market that, during the coming period, the growth of the shipping sector in general not only relies on domestic demand, but on the Emirates’ location and its growing importance as a centre of international air cargo, with the presence of major airlines such as Emirates and Etihad Airways.
BMI Research adds that the air cargo industry’s growth is expected to continue in the main airports in Dubai and Abu Dhabi in the coming years, in both the short and the medium term until 2019, UAE-based Aliqtisadi reports.
The report adds that road transport will remain the most important element in the shipping sector in the UAE during the coming years.
It reveals that even after the completion of the railway network, the outlook for growth in road freight volumes, will be fixed at a rate of about 3 to 4 per cent, during the medium-term outlook until 2019.
It is worth mentioning that the trade sector is expected to grow 6.4 per cent across the state at the end of 2015, and five per cent by 2016, which is less than the recorded growth levels in 2014, which amounted to 7.1 per cent.