The Middle East offers "extremely lucrative" opportunities for companies able to take advantage of the region's emergence as a global logistics hub, said Essa Al-Saleh, president and CEO of Agility Global Integrated Logistics.
In a keynote speech to the Emerging Markets Logistics Conference in Dubai, Al-Saleh highlighted the outstanding performance of the Middle East in the 2014 Agility Emerging Markets Logistics Index.
The region outperformed all others in favorability for business and trade in general, he said.
Qatar, UAE, Oman, Jordan, Saudi Arabia and Kuwait ranked highest out of 45 emerging markets countries in the key category of “market compatibility”.
“Against a background of a sluggish global economy, the Middle East continues to shine. The UAE is an attractive location for logistics investments based on ease of doing business, while Saudi Arabia’s strong economic and population growth have also made it a market ripe for investment,” Al-Saleh said.
“Saudi Arabia continues to spend on infrastructure. It has been a star performer among emerging markets globally, taking third spot in the 2014 Index.”
Al-Saleh said Dubai has become a regional hub for business expanding into Africa. The UAE topped all other countries in the Index as having the best domestic and international transport infrastructure and best connections between the two.