Middle East Trade & Logistics

It’s been a year of upheaval in the Middle East, and the outcome — regime change — is sparking optimism among trade analysts that some markets will become major growth markets for global trade. Nowhere is that more true than in Egypt, where the country’s new leaders are pursuing a more populist approach than their predecessors, who enacted a series of reforms that deregulated foreign trade, modernized banking and financial regulations, and reduced corporate taxes. And there’s still a chance that the United States might offer Egypt the opportunity to negotiate a free trade agreement.

Other countries are growing as well, in some cases becoming critical logistics markets. Companies such as DB Schenker, TALKE Logistics and Kuehne + Nagel are pumping millions of dollars into Saudi Arabia, and the government is funding major warehousing and transportation projects, including the $8 billion Prince Abdul Azis bin Mousaed Economic City. The United Arab Emirates, meanwhile, emerged over the last 20 years as the region’s main logistics hub, with Dubai Logistics City and the Jebel Ali Free Zone among the world's most innovative projects. But other emirates, including Abu Dhabi and Sharjah, also are investing heavily in infrastructure.

Special Coverage

Panama-Suez Canal comparison
Container shipping lines are shifting more of their all-water services from Asia to the U.S. East Coast to the Suez Canal route, instead of sailing through the Panama Canal.

News & Analysis

22 Jul 2013
Rapidly expanding Saudi Arabian Airlines released a new online service to improve procedures for shippers and forwarders
Russell J. Held, the Virginia Port Authority’s deputy executive director of development, and Peter Ford, CEO of the Port of Salalah, signed the memorandum of understanding in Portsmouth, Va.
15 Jul 2013
The Virginia Port Authority and the Port of Salalah have signed a memorandum of understanding to share information aimed at generating new business by promoting...
08 Jul 2013
Etihad Cargo expects to see strong cargo volume and revenue growth during the rest of 2013 despite the global downturn afflicting the air freight sector.
The new extension to Container Terminal 2 at Jebel Ali Port adds 1 million TEUs of capacity.
26 Jun 2013
The new extension to Container Terminal 2, operated by DP World at Jebel Ali Port in the United Arab Emirates, has officially opened with the arrival of the...
26 Jun 2013
Dubai International Airport in the United Arab Emirates moved 209,985 metric tons of freight in May, increasing 11.9 percent from 187,638 metric tons in May 2012.
21 May 2013
The Israeli government is planning to issue a tender to build a privately run seaport in the coming months, pledging to end the monopolies of the two main ports of Ashdod and Haifa, Haaretz reports.

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Commentary

With the Cosco Asia the target of an unsuccessful "terrorist" attack on Aug. 31 while transiting the Suez Canal, the global trading and international policy communities need to pause and reflect on the consequences of a successful armed attack on the canal, a critical artery of world trade.