Dépêches

Research and Markets: United Arab Emirates Freight Transport Report Q2 2012 - SkyCargo's Maiden Ireland Flight To Serve Pharmaceuticals

Dépèche transmise le 25 avril 2012 par Business Wire

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/h2z86n/united_arab_emirat) has announced the addition of the "United Arab Emirates Freight Transport Report Q2 2012" report to their offering.

“United Arab Emirates Freight Transport Report Q2 2012”

The UAE is set for another year of steady yet relatively uninspiring growth through 2012, with real GDP forecast to expand by 3.0%. This follows an estimated 3.3% rate of expansion posted in 2011. Broadly speaking, the same problems that have been weighing on the economy since 2009 look set to continue over the coming quarters, with weakness in the domestic real estate market, anaemic credit growth and ongoing deleveraging in the private sector tempering our near-term outlook. Our real GDP growth forecast for the coming year is slightly below consensus; however, this is largely a product of BMI's relatively more pessimistic outlook on the health of the global economy.

The outlook for the UAE's freight transport sector in 2012 is more upbeat, benefiting from the role of the country's ports and airports as transhipment hubs. Strong growth is forecast by BMI at all of the emirates' major facilities despite the headwinds facing the global economy, though we project that this growth rate will slow over our forecast period to 2016.

Headline Industry Data

-2012 Jebel Ali and Port Rashid total tonnage throughput growth forecast at 7.2%, and to average 5.9% to 2016.

-2012 air freight tonnes through Dubai airport forecast to grow by 5.4% and to average 5.9% to 2016.

-The UAE's total trade real growth in 2012 forecast to be 9.0%, and to average 7.2% over the medium term, to 2016.

Companies Mentioned

-Etihad Crystal Cargo

-Aramex

-Emirates SkyCargo

-United Arab Shipping Company (UASC)

-Gulf Energy Maritime

-Abu Dhabi National Tanker Company

-Gulf Navigation Holding