UAE – Mubasher: Dubai Customs announced the launch of the World Logistics Passport as part of the first phase of the Dubai Silk Road strategy, Emirates News Agency (WAM) reported.
This major step aims at reinforcing the role of the Dubai Silk Road and extending the demand for Dubai’s products, services, and integrated transportation systems, according to WAM.
The World Logistics Passport will provide businesses and shipping companies with a group of operational and financial advantages by connecting government entities, including Dubai Customs and Dubai Trade, with logistics service providers and easing commercial transactions among the bodies concerned in Dubai.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said that executing the Dubai Silk Road strategy marks the beginning of a new phase of economic growth that will further strengthen Dubai’s position as a global economic and business hub, powered by its exceptional connectivity and logistics services.
The Dubai Silk Road strategy will help in expanding the UAE’s role in the global economy based on the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Sheikh Hamdan added.
He also highlighted the importance of the logistics sector as a key driver of economic diversification, as accentuated by the 50-year Charter.
"Through this strategy, we will offer many privileges and services that will help connect international markets by mobilising Dubai’s resources and infrastructure. The investments we made in Dubai’s ports, airports and free zones have made the city a global logistics hub and a bridge between the east and the west,” Sheikh Hamdan commented.
“The Dubai Silk Road strategy responds to the changes in international trade by offering new state-of-the-art logistics services using the latest smart applications," he indicated.
For his part, Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Civil Aviation Authority and chairman and chief executive of Emirates Airline and Group, said: "Dubai’s sophisticated logistics services will further enhance the value offered to investors and businesses by saving time and efforts and reducing their operational costs. This is a powerful tool that will eventually lead to increased revenues. We are keen to offer investors and businesses new advantages in conducting global trade."
The Dubai Silk Road strategy will also further boost the accelerating role played by Dubai Customs in regional and international trade.
