BWI: Frost & Sullivan: Planned Development Across Qatar Moves its Transportation and Logistics Market into a Higher Gear

Press release from Business Wire India
Source: Frost & Sullivan
Monday, December 16, 2013 12:18 PM IST (06:48 AM GMT)
Editors: General: People; Business: Automotives, Business services, Information technology, Transport engineering; Technology; Automotive
--------------------------------------------------
Frost & Sullivan: Planned Development Across Qatar Moves its Transportation and Logistics Market into a Higher Gear
Freight forwarding emerges as the most significant logistics cost component

Dubai, United Arab Emirates, Monday, December 16, 2013 -- (Business Wire India) -- Concerted national and industrial development across Qatar, in line with the Qatar National Vision 2030, has brightened prospects of the country's logistics and transportation market. Even though the market is still nascent, there are strong opportunities for integrated logistics service providers that can offer global-quality end-to-end logistics solutions.

New analysis from Frost & Sullivan (http://www.transportation.frost.com), Strategic Analysis of Qatar's Transportation and Logistics Market, finds that the market earned revenues of $7.54 billion in 2012, and is expected to grow to $11.93 billion by 2016. The study covers the segments of transportation, warehousing freight forwarding, and value-added logistics services (VALS).

In preparation for the FIFA World Cup 2022, Qatar has expedited the execution of its national and infrastructure development plans. These development initiatives will require efficient movement of raw material and manpower, creating the need for innovative and reliable logistics services, both on a domestic and global scale.

"Being a largely import-dependent economy, the most important logistics service and therefore, the biggest logistics cost component will be international freight forwarding," said Frost & Sullivan Automotive & Transportation Program Manager Srinath Manda. "The oil and gas sector contributed to 40.6 per cent of the freight forwarding segment, followed by the retail trade and hospitality, and construction service sectors."

While domestic transportation and warehousing services are also vital to all industries, the small size of the nation limits domestic distribution costs. Moreover, the low domestic manufacturing activity for many industries constricts the opportunities for domestic logistics services. This situation is expected to change in due course, as the Government's economic expansion initiatives and manufacturing clusters will reduce the country's dependence on the oil and gas industry.

Meanwhile, third party logistics providers looking to harness the growing potential of the market will do well to acknowledge the hurdles posed by the inefficiency of the logistics infrastructure in the country, as it will have a bearing on their cost and time efficiency.

These challenges will also be resolved in the immediate future, as some of the goals set out in the Qatar National Vision 2030 include the construction of a new airport and sea port, improvement of road infrastructure, and a flagship Doha Rail project for people and freight movement. Furthermore, the country is addressing the lack of skilled logistics specialists by hiring expat personnel at all levels.

"In an effort to diversify Qatar's economy, the Government is exploring ways to make optimal use of its existing resources and manufacturing capabilities," noted Manda. "Initiatives such as the Qatar Automotive Gateway, and the certification of Qatalum for automotive-grade aluminum point toward Qatar's ambitions to become a key automotive manufacturing cluster, which translates to significant opportunities for the logistics market."

If you are interested in more information on this analysis, please send an e-mail to Tanu Chopra / Paroma Bhattacharya, Corporate Communications, at tanu.chopra@frost.com / paromab@frost.com, with your full name, company name, job title, telephone number, company e-mail address, company website, city, state and country.

Strategic Analysis of Qatar's Transportation and Logistics Market is part of the Transportation & Logistics Growth Partnership Service program. Frost & Sullivan's related research services include: Logistics Market and Contract Logistics in Saudi Arabia and Egypt, and Logistics Market in the UAE and India. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

-- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including research, analysis, strategy, vision, innovation, and implementation.

-- The Partnership Infrastructure is unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360-degree research, comprehensive industry coverage, career best practices, as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics, and emerging economies?

Contact Us: Start the discussion

Us: Join our community

Subscribe: Newsletter on "the next big thing"

Register: Gain access to visionary innovation

Strategic Analysis of Qatar's Transportation and Logistics Market




CONTACT DETAILS
Tanu Chopra,Corporate Communications - Middle East and North Africa, Frost & Sullivan, +91 (22) 66072046, tanu.chopra@frost.com
Paroma Bhattacharya,Corporate Communications - Middle East and North Africa, Frost & Sullivan, +91 (22) 66072047, paromab@frost.com
Nimisha Iyer,Corporate Communications - Middle East, North Africa and South Asia, Frost & Sullivan, +91 (22) 66072007, niyer@frost.com

KEYWORDS
PEOPLE, AUTOMOTIVE, BUSINESS SERVICES, IT, TRANSPORT, TECHNOLOGY, AUTOMOTIVE

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com