Tuesday, 19 March 2013
Jebel Ali Port Investments Have Prepared UAE For The Future
This signifies that the UAE is preparing for a sizable increase in it’s economic activity in the very near future. They have the resources and they are putting them to good use for their future economic growth. Currently there are more than $2 trillion worth of projects in the region all working towards building a solid foundation to grow and develop. The UAE is most fortunate that Jebel Ali port just happens to be the largest sea port outside of Asia and the largest between Rotterdam and Singapore. It’s activity now and in the future will certainly act as a barometer as to how the economy is working and to date, all signs point to a bright future in the region.
These port infrastructure developments underway in all regions of the world, are all in preparation for the new future global economy. The shipping industry is responsible for transporting over 90% of the world’s consumer goods so it makes sense that the industry would be instrumental in putting in modern transport infrastructures, that will handle the growing consumer demand for years to come. To date, there have been over 140 countries that have made investments totalling tens of trillions of dollars, to upgrade their shipping ports to handle the huge increase in global trade that is expected and will be transported on the decks of the new giant post-panamax container vessels.