The global logistics market valued at US$7.98 trillion in 2022 is expected to reach around US$18.23 trillion by 2030, said Qatar Chamber Board Member Ali bin Abdullatif Al-Misnad, who is also chairman of the International Federation of Freight Forwarders Associations (FIATA) in Qatar. Al-Misnad made the statement during the ‘Global Freight Summit 2023’, which was held recently in Dubai under the theme ‘Making the Future Supply Chain a Reality’. He also highlighted that Qatar’s substantial investment in the transport sector is reflected in the US$9.9 billion market, propelling the country to the second-best position in the region for logistics efficiency. He noted that Hamad Port has established 15 direct shipping lines, connecting it to 40 ports across three continents. Additionally, with an annual capacity of 7 million tonnes, the versatile facility handles 1 million tonnes of foodgrain and accommodates the shipment of 500,000 cars, along with livestock. Al-Misnad emphasised that HIA handles more than 220,000 flights annually, facilitating the transportation of over 35mn passengers and 2 million tonnes of cargo to 54 destinations worldwide.
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