The centre of gravity in international trade and economy has shifted to East from West at a time when massive infrastructure is being built in the GCC, which will allow the entire region to benefit from it in the next ten years, a top DP World official said.
“Some $2.5 trillion worth of development projects are planned or underway across the Middle East region over the next ten years, which, when combined with the shift eastwards in the centre of [economic] gravity, will give the region a competitive edge,” said Jamal Majid bin Thaniah, group CEO of Port and Free Zone World and vice-chairman of DP World UAE.
“We in the region should capitalise on this with continued investment in the port sector to support that growth,” he told over 300 top executives from the shipping and ports industry attending the World Ports and Trade Summit.
Read more: http://www.khaleejtimes.com/kt-article-display-1.asp?xfile=data/uaebusiness/2013/March/uaebusiness_March304.xml§ion=uaebusiness
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