GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Automobile

 
  Share

Ras Al Khaimah, UAE, September 10, 2017:  Ras Al Khaimah Chamber announced that the growth rate in the transportation sector in the Emirate reached 30.3% during the years 2011-2015, according to a study published by the Chamber based on statistics published by the Ras Al Khaimah Center for Statistics and Studies. 

Growth in the productivity of the transportation sector 
Dr. Ahmed Rashed Al Shemaili, Assistant Director-General of Commercial Service and Business Development Sector at Ras Al Khaimah Chamber, said: “The transportation sector is one of the essential supporting sectors in any economic entity aiming towards global markets. The performance of this sector is considered an indicator of the extent development in other production sectors and its ability to succeed in global commerce, as well as the ability of products in these sectors to compete on a regional and global level, and therefore a measure of the local economy's competitiveness in general.” 

Al Shemaili added: “The transportation sector grew at a rate of 30.3% from 2011-2015, a rate higher than the rate of increase in the GDP for the Emirate, which was 24.2% during the same period. The value of the transportation sector's productivity increased from 1.3145 billion Dirhams in 2011 to 1.713 billion Dirhams in 2015, an increase of 398.5 million Dirhams, which accompanied sizable growth in other production sectors in the local Emirate's economy.” 

Transportation sector's contribution to economic growth 
Asem Bani Faris, Senior Economist Researcher at Ras Al Khaimah Chamber, when discussing the transportation sector's contribution to economic growth, said: “The sector played a role that cannot be overlooked in the Emirate's economic growth. It made a noteworthy contribution in the growth achieved over the past five years in spite of it not being a main productivity sector. The sector's contribution in the increase was 7.2% by 398.5 million Dirham, a result of continuous growth averages that the sector maintained in past years.” 

Asem added: “The sector contributed approximately by 6% to the GDP in the Emirate in 2015, which is an indicator of the sector's essential logistical development and fulfilling its role in supporting the development of other sectors. This development can be attributed to the fact that transportation sector enjoys many possibilities in the quantity and different type of transportation methods available by air, land, and sea which have accompanied economic development.” 
The study highlighted the growth indicators in this sector's productivity based on the statistics published by the Ras Al Khaimah Center for Statistics and Studies during the last five years and the extent of its contributions in the Emirate's GDP growth. It also displayed the most important factors in investment growth in transportation, among them the establishment of capital, the number of facilities, and workforce numbers in the sector, as well as the evolution of the price of services offered by the sector.



Posted by : GoDubai Editorial Team
Viewed 10541 times
Posted on : Sunday, September 10, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Jaguar E-type Zero: “The Most Beautiful Electric Car in the World”
Next Story : Back to School: Al Naboodah Group Enterprises Delivers Over 750 New School Buses Across the UAE
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Robinsons Honored for Outstanding Store Design
Safilo Group Reveals Its Spring/ Summer 2018 Collection
Bridal Glow is Skin Deep: Tips for every bride-to-be in 2018
Redefining the Skin Clinic Experience. #allnewkaya opens in Muscat City Centre!
Optim-Eyes Lashes & Brows with Filorga
Mealtop, Introducing a Whole New Dessert Experience
Catch Some Zzz's in the IKEA Nap Truck
Kate Spade New York Spring 2018 Collection
NEZO launches new identity to guide consumers in selecting the best salt for the...
South African artisans of fine leather products look to make big impression at L...
Dual Investments Brand LE66 to Relocate from City Walk to New Dubai Location in 2018
Global Expansion in sight for ICONS© Coffee Couture
Raymond Weil's Freelancer Ladies
Tag Heuer Carrera Heuer 02
Do You Feel Sleep Deprived? Nearly Half of UAE Would Give Up Social Media for an...
Al Ghurair Foundation for Education Event on ‘Graduating Work Ready Youth' Unvei...
15,000 participate in the Dubai Cares' annual Walk for Education 2018 in support...
DAMAC Properties deliveries surpass 20,000 unit milestone as it reports net prof...
Al Qattara Investments reveals expansion plans for Al Ain
Dealing with Diabetes: What German Medical Center's doctors say about the incura...
Indian FMCG Conglomerate Hamdard Laboratories brings “The Drink of India” - Rooh...
Galderma's “Leave Your Mark” Mobile Clinic heightens awareness of skin diseases ...
Jaguar Land Rover Awarded as Company of the Year
Dubai Culture Launches ‘My Environment My Responsibility' Initiative in Hatta
Name of New High-sided Vehicle to Be Rolls-royce Cullinan
Pink Caravan Ride Launches Mobile Mammography Clinic to Offer Specialised On-the...
Middle East Fuji LLC exhibits the Gold medalist of Japanese branded “Kobe Beef” ...
Preparing the perfect table setting with Bits & Pieces
The Allure of Mars: Making humans an inter-planetary species
Keys Ready to Make Her Mark at Dubai Duty Free Tennis Championships
WGS 2018: Teaching altruism, empathy, self-control will drive success, say educa...
Finnair and the Finnish Paralympic Committee agree to a partnership agreement
Arianna Huffington calls for a Third Women's Revolution to redesign a world focu...
Dubai Festival City marks successful first ever Nike+ Run Club edition
WGS 2018: DEWA Is Shaping the Future of Utilities with an Innovative and Holisti...
Capillary's digital growth initiative ‘Accelerate' partners with Google
The Future of Food: What's on your dining table in 2118
Saeed & Mohammed Al Naboodah Group Celebrates 60 Years of Excellence
Feast and famine: Bridging the gap between food abundance and malnutrition
Tommy Hilfiger celebrates the essence of ‘Classic American Cool'
His Excellency Dr Thani Al Zeyoudi Chairs First Meeting of UAE Council for Clima...
WGS 2018: Graça Machel Offers a Moving Tribute to South Africa's Iconic Former P...
WGS 2018: The Future of Superintelligence Is Far from Clear, Says Futurist
Etihad Aviation Group Launches Humanitarian Aid Mission for Rohingya Refugees
Classically elegant and stylish, the titanium mechanical NJ0090-13P makes a defi...
Get Your Weekend Entertainment Fix at Boxpark
Bean Body's Quick Guide To Men's Exfoliation
Sharjah Police Workshop Emphasises Innovation Benefits for All
WGS 2018: World Trade Organization relevant even as global trade alliances give ...
Can the AI that makes ‘fake news' viral also help filter it?