Chinese firms to pump $4bln into giant #UAE logistics parks | ZAWYA MENA Edition

Chinese firms to pump $4bln into giant UAE logistics parks | ZAWYA MENA Edition:

It's boom time for the UAE logistics industry with more and more Chinese companies set to invest over $4 billion in development of giant logistics parks in Abu Dhabi and Dubai, said a top official of National Association of Freight and Logistics (NAFL).

Founded in Dubai in 1992, NAFL is the first national association of freight forwarders to be established in the Arabian Gulf to bring together the increasing number of freight and logistics service providers in the UAE.

"Logistics business is in for a boom. Many projects are being built for Expo 2020 and Chinese investors are coming to Abu Dhabi and Dubai," remarked Nadia Abdul Aziz, president, NAFL and vice president, Global Extended Board, the International Federation of Freight Forwarders Associations (FIATA).