China to invest US$4bn in UAE logistics projects
Chinese companies are set to invest more than US$4bn in logistics projects in Dubai and Abu Dhabi according to the UAE’s president of the National Association of Freight and Logistics (NAFL).
Nadia Abdul Aziz, president of NAFL, said: “Logistics business is in for a boom. Many projects are being built for Expo 2020 and Chinese investors are coming to Abu Dhabi and Dubai. There will be large logistics parks in Jebel Ali and one near the Expo venue.
“One is for food processing and the other is for manufacturing and exporting. There will be US$4 billion investment by Chinese companies. Abu Dhabi will also have a huge logistics project that will boost the trading sector in the UAE.”
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