LOGISTIC COMPANY FORMATION
Posted by: ANEESH, 13 Jun, 2019
Ad Detail
- AD ID 4412929
- Locality Dubai, Emirate
- Ad Type Offering
- Posted by Individual
https://dubaibusinessadvisors.com/blog/company-setup/start-logistics-company/
Planning to Start Logistics Company in UAE?
May 27, 2019 in Company Setup
Transport and Logistics business is considered as an advanced trading industry of Dubai these days. Logistics business lately has proven to be very profitable and promising when it comes to analyzing the return on capital invested. This industry is gaining momentum as it attracts more and more startups to not only open but also register rapid growth.
According to a recent study of Dubai Chamber of Commerce, the UAE’s freight market is anticipating to expand by a CAGR* of 4.8% over the period of 2017-2021. This industry overall is constantly experiencing an increase in consumer demand, resulting to which is accelerated growth of domestic and international freight traffic. Large international cargo transportation, and small-scale domestic deliveries of various goods can both be attributed to this rapid growth.
Dubai’s economy continues to record stable growth and balanced development of different industries. While two decades ago, he United Arab Emirates was just meant for exporting crude oil, today it is the world’s largest centre of finance and logistics. Logistics in this region is at a peak, stimulating international trade relations and business.
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