World Logistics Passport launched to boost Dubai Silk Road initiative
Dubai Customs launches initiative as part of Phase 1 efforts to implement Sheikh Hamdan-backed Dubai Silk Road programme
Dubai Customs has launched World Logistics Passport to boost trade, and enhance demand for the emirate’s products, services, and integrated transportation systems, as part of Phase 1 efforts to implement the Dubai Silk Road initiative announced by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and Chairman of the Executive Council.
According to Dubai Media Office, World Logistics Passport will offer financial advantages to businesses and shipping companies by connecting government entities, including Dubai Customs and Dubai Trade, with logistics service providers such as DP World and Dnata.
The Dubai Silk Road strategy is a significant initiative that @HHShkMohd put at the forefront of the 50-Year Charter. With the introduction of the World Logistics Passport, we have begun the first practical steps, redrawing the world trade map – with Dubai as a global link.— Hamdan bin Mohammed (@HamdanMohammed) October 13, 2019
It will also facilitate trade and transactions between commercial entities in Dubai.
The passport will help merchants and freight forwarders reduce operational costs, increase revenues, attract investors, and improve multimodal transport.
Commenting on the Dubai Silk Road initiative and the logistics sector as key drivers of economic diversification, Sheikh Hamdan said: “Through this strategy, we will offer many privileges and services that will help connect international markets by mobilising Dubai’s resources and infrastructure.
"The investments we made in Dubai’s ports, airports and free zones made the city a global logistics hub and a bridge between the east and west. The Dubai Silk Road strategy responds to the changes in international trade by offering new state-of-the-art logistics services using the latest smart applications.”
Dubai's strong logistics capabilities enhance our future prospects. But to raise the bar on our own ambition, we seek the development of those capabilities, supporting them through smart solutions to achieve ease & efficiency and serve interests of our trade partners & investors.— Hamdan bin Mohammed (@HamdanMohammed) October 13, 2019
HH Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority and Chief Executive Officer and Chairman of Emirates Group, said: “Dubai’s sophisticated logistics services will further enhance its value offering for investors and businesses by saving time and effort and reducing their operational costs. This is a powerful tool that will eventually lead to increased revenues. We are keen to offer investors and businesses new advantages in conducting global trade.
“Our target is to offer maximum flexibility and efficiency for Dubai’s business community by unifying the procedures of logistics service providers. These efforts are aimed at improving quality of service and attracting a higher share of international trade at a time when Dubai is preparing to host Dubai Expo 2020,” Sheikh Ahmed added.