Monday, November 13, 2006

Dubai Logistics City woos Indian investment

Dubai Logistics City - the first phase of the giant Dubai World Central urban aviation community being built in Jebel Ali, and the core component of the world's first truly integrated logistics and multi-modal transport platform - is gearing up for its Sub-continent launch at Air Cargo India 2006 in Bombay from the 17th -18th November.
'The UAE is India's second largest trading partner in the Arabian Gulf and practically lies on the doorstep of the Indian market - just two-hours flying time away,' said Michael Proffitt, CEO, Dubai Logistics City.
India is fast emerging as a global air cargo leader with current annual airfreight growth at 18% and analysts projecting that Indian exports will touch US$150 billion by 2008-09. India also has commercial fleet-agreements endorsed for delivery of 490 aircraft worth US$30 billion during the next decade.
At Air Cargo India, Dubai Logistics City intends to deliver a compelling business case to win over investors, tenants and industry operators.
13/11/06 AME Info (press release), United Arab Emirates