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 12212 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
Meet the FOREO family as they share their top tips for radiant skin during the ...
LOOTAH Perfumes launches four new springtime fragrances for Him and Her
Amani Glam Collection
LOOTAH Perfumes launches fragrant oud ‘Ambwood'
Three Trends to Try with Palladio Beauty
Experience 5 Seconds to New Skin with OXYGEN-PEEL from Filorga
Lip Stick to my Heart - GOSH New Collections
bebe Launches First Ever Ramadan Capsule Collection
Carrera UAE Exhibition
Lexus sweeps two podium finishes at round two of 2018 AUTOBACS SUPER GT 500 series
Max Fashion Reveals Latest 2018 Fashion Trends at Exclusive Trunk Show
Care for your baby's sensitive skin with Corine de Farme
Ramadan-Inspired Sandro SS18 Pieces
New Master Maserati Driving Courses for 2018
Spinneys Puts Local Food Heroes in the Spotlight this Ramadan
Toyota Rush makes a new beginning in the UAE
‘Tree of Life' Continues to Change Lives at Arabian Center, This Ramadan
Ethereum - Second In A Series Of Exclusive Cryptocurrency Watches Launched
Enhance your natural beauty while staying active with The Body Shop's Sportify M...
RAK Diabetes Center in Jumeirah offering Free Lifestyle wellness checks and Diet...
Global Light and Power Celebrates 10 Years with the Opening of their New Showroo...
Mads Mikkelsen Spotted on Red Carpet at Cannes Wearing Ulysse Nardin Masterpiece
Beautiful Kaftans for Ramadan from GUESS
Dubai Holy Quran Radio launches new special programmes for Ramadan
Pottery Barn Kids Launches Baby Registry Service to Welcome Newborns
Get Voluminous Eyelashes and Eyebrows with Rodial's Lash and Brow Booster Serum
Diabetes & Ramadan (DAR) Alliance and Sanofi introduce new integrated digital hu...
HydroPeptide Launches Solar Defense Products in UAE
Make Ramadan Better With the Gift of Sharing
Aru Impressed with Team Spirit as Italian Champion Secures Top Ten Finish
The Balmain de Balmain II Mini is a true win-win
Ikea Yas Island Recognised as One of the Brand's Best Stores in the World
Marchon Eyewear New Collections
Facebook Launches Youth Portal, a Central Place for Teens
Hour Choice Presents Coach Perry Collections – Ramadan Exclusive
Celebrate The Holy Month Of Ramadan With The Night Picnic At Tub Of Butter
Karl Lagerfeld Celebrates Fall / Winter 2018 Collection
Stay connected with your loved ones this Ramadan season with the Nokia smartphones
Breitling's Navitimer 8 Collection Arrives in The Middle East
CND™ Boho Spirit: The Collection Summer 2018 Shades
LG G7 Thinq Offers Deep AI Integration for Maximum User Convenience
Global Rollout of LGG7 Thinq Gets Underway
Charlotte Tilbury, the World's #1 Celebrity Makeup Artist, Announces the Opening...
Google launches new feature on Search to mark Ramadan
Elvis Presley's OMEGA Sells for a World Record CHF 1,500,000 at Auction
Etihad Airways Introduces Ai Robot Sophia to Abu Dhabi
Celebrate Father's Day in 'Swiss Style' with Raymond Weil.
Charity event brings early Ramadan spirit to children of determination and their...
Pick what suits you from essence Spring/Summer 2018 nail polish collection
OMEGA Welcomes Sailing Sensations Peter Burling and Blair Tuke as Brand Ambassadors