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 2891 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
LG DUALCOOL Air Conditioner Builds a Tower of Chocolate
Dune London: The Autumn/Winter17 campaign
Max Mara: Iconic Coats - Manuela & Teddy.
Contour, Highlight and Bronze your Body with Ease with Madame LA LA
Vintage is the rage for new Chronofighter range
SAINT HONORE Charisma “Twist” for elegant lady
Marina Rinaldi : Ashley Graham continues her role as the face of the brand for ...
LG Robots to Connect People for A Better Tomorrow
Ferrari Portofino: the Italian Grand Tourer par excellence
CITIZEN opens refurbished boutique at Sharjah City Centre
Exhilarating new Roger Dubuis pop-up boutique in the US
Panasonic announces robust plans for Middle East under new leadership
Mango Fall/Winter17 - Denim Special
Michael Kors Collection Spring 2018 Fashion Show
Weekend Max Mara : The Pasticcino Bag - Fall/Winter 2017
Huawei CBG supports the Middle East Innovation Agenda by bringing cutting-edge i...
TAG Heuer's Globetrotter Exhibition Opens in Dubai Mall on September 15, As Part...
Dubai Culture Takes ‘Dubai Next' to London Design Festival
Ulysse Nardin Presents Classico Zheng He
Kate Upton, Ashley Graham, Andreea Diaconu, Skai Jackson and more in Michael Kor...
'COÉGA'S Got You Covered' in New AW17 SPF50 Family Swimwear Collection
Malabar Gold & Diamonds recognized as the ‘Superbrand' 5th time in a row by Supe...
New Balance Introduces the 574 Sport in Celebration of the Dubai Mall Store Opening
Vacheron Constantin Pays Tribute to the Middle East with Exclusive Overseas Time...
The Longines Avigation BigEye: Aesthetics and tradition in a pilot's watch
NMC Healthcare wins ‘Brand of the Year 2017' by Superbrands
DeLaCour Reflect Tourbillon
IPhone 8 and IPhone 8 Plus to Arrive at DU on September 23
Star styles in TKD Lingerie's September surprise sale
Business and academia collaborate at Dubai Science Park to shape the science sector
Glittering beauty set with diamonds - a true Gilda beauty
Curtin University opens in the Middle East
MICHAEL Michael Kors Fall 2017 Nouveau Novelty Bags
Robin Singh to launch sports academy in Dubai
Abu Dhabi Ports recognised for exceptional Security Management; Receives ISO 280...
Saudi Investors to Keep Faith in Dubai Real Estate - Developer
SOUQ.com partners with Honor to bring the beautifully brilliant Honor 9 exclusiv...
ADNOC Distribution expands international sales footprint
UAE Team Emirates La Vuelta Wrap-Up
Airbus signs MoU with Dubai Land Department to explore the use of advanced geosp...
VFS Global opens first Chinese Visa Application Service Center in the Middle Eas...
Danube Properties Bags two prestigious awards this September
DMC partners with Marasi News to further reinforce its excellence in the market
ENEC CEO Highlights Priorities of UAE Peaceful Nuclear Energy Program at WNA Sym...
DIFF Presents Two Outstanding Films for Golden Globe Consideration
Dubai Land Department to promote Dubai real estate internationally
ZENITH DEFY LAB
Huawei Joins Z-wave Alliance Board of Directors
Empower reinstates its position in carbon neutral practices
Four Strategic-level Government Agencies Move to Dubai Design District