The UAE remains the sole bright spot among global logistics hubs, according to The Netherlands-based TNT Express.
Revenues are still marginally positive for TNT’s transshipment business out of the Emirates, said Bryan Moulds, the manager of TNT Express in the UAE. Revenue grew 2 per cent compared with the same period last year, making the Emirates the only country to record an increase for the global logistics and freight forwarder.
The increase suggests that even as the global economic crisis has spread across the region, leading to curtailed consumer spending, delayed infrastructure projects and a projected falling population in some parts of the GCC, the Middle East is still emerging as one of the better-off regions worldwide.
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