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Hamdan bin Mohammed: «Dubai Silk Line» a new start in the field of economic development

2019-10-13T22:07:12.951Z

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, said that the start of the implementation of strategic projects and initiatives «Dubai Silk Line» represents a new breakthrough in the field of economic development, which strengthens the emirate's position as a vital axis of the world economy



His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, said that the start of the implementation of strategic projects and initiatives «Dubai Silk Line» represents a new breakthrough in the field of economic development, which strengthens the emirate's position as a vital axis of the global economy, Especially through its highly efficient logistics capabilities and the reliability that it has given it a privileged position as a key link for global trade flows.

Qualitative development

His Highness explained that the strategy of the Dubai Silk Line opens the way for a qualitative development with which Dubai is consolidating its role and contribution in supporting the trade and economic growth of the UAE, according to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. In accordance with the directives of His Highness to continue to upgrade our economic capabilities and strengthen our trade links with the world, and adopt technological solutions that help to accelerate the achievement and reach our strategic objectives within the shortest time frames.

Advantages and potential

“Through these initiatives and projects, we offer the world several advantages and potentials in linking international markets, drawing on the significant resources that Dubai has invested in developing trade and logistics infrastructure through our leading ports, airports and free zones projects, which have become a major global platform to facilitate East-West trade transition, now culminating in the Dubai Silk Line as a major trade corridor to keep pace with the transformation of global trade, providing state-of-the-art logistics facilities using the latest smart applications.

Logistic passport

This came on the occasion of the start of the implementation of the «global logistics passport» launched by Dubai Customs Department, in implementation of the first part of the strategy «Dubai Silk Line»; the first item in the «document fifty», where His Highness the Crown Prince of Dubai that the strategy «Dubai Silk Line» It integrates with the provisions of the document through the introduction of the “Passport”, which will represent a quantum leap in the economic development of the Emirate of Dubai and establish a new phase of growth, especially at the level of the trade sector.

The Global Logistics Passport enhances the capacity of Dubai Silk Line to play a vital role in increasing demand for multimodal transport products and services in Dubai, and reflects Dubai Customs' vital role in establishing Dubai's regional and international status as a major destination and trade hub. It culminates in the initiatives of «Dubai Customs» to participate actively in the implementation of the provisions of the «document fifty».

Innovative initiatives

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Aviation Authority and Chairman of the Emirates Group, said: “The advanced logistics facilities provided by the Emirate of Dubai World Trade through the application of the global logistics passport, are one of the most innovative initiatives that will enhance the value “This is a powerful support tool that contributes to the growth of their trade and financial returns and supports their ability to expand trade and investment.”

His Highness stressed the keenness to provide these advantages to the global trade movement at a time when the world is facing major trade and economic challenges, to contribute effectively in addressing these rising challenges, and support the growth of the international economy with new possibilities to strengthen our global leadership.

He added: “We seek to maximize the flexibility and efficiency in the development of logistics services provided by Dubai to traders and investors, by unifying the procedures followed by all parties providing logistics services in the emirate, in one track, to enhance the speed of delivery, and improve the quality of service, and to attract more Dubai is preparing to host Expo 2020, and the world is looking at it as a sophisticated commercial destination that proves its worthiness and leadership position on the global economic map. ”

«Global Logistics Passport» .. operational and financial advantages for merchants and freight forwarders

The Global Logistics Passport provides operational and financial benefits to merchants and freight forwarders at various levels by organizing trade corridors and enhancing integration in the efforts of the parties supporting the business and logistics activity in Dubai by linking logistics services between government entities such as Dubai Customs and Dubai Trade. »With logistics centers such as DP World and Dnata to facilitate trade between different sectors, and facilitate transactions between the concerned commercial entities in the Emirate to support their ability to achieve a flourishing trade.

The 'Global Logistics Passport' allows merchants and freight forwarders to benefit from its advantages when they increase their trade volume based on the passport, thus enabling them to reduce operational costs and increase revenues, thus encouraging them to increase the volume and value of their business operations across the emirate to support the growth of direct, transit and free trade. Dubai, to consolidate its position as a major destination for the global trade movement, thanks to its superior logistics capabilities locally, regionally and internationally, achieved by the emirate in its growing journey towards global leadership, through its continuous progress and pass through many of the stations that earned it Ability to compete for the first place internationally in the field of trade and multimodal transport, culminating its pioneering career in this area by adopting the «Dubai Silk Line Strategy» and the launch of «global logistics», in implementation of the first part of the strategy.

Dubai - UAE Today

Source: emara

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