Search Site

Trends banner

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Commercial transport sector added $4.38bn to Dubai economy, says RTA

Over 7,000 companies operate in the sector, a growth of 26 percent in 2022 compared to the previous year, an official noted. (WAM)
  • The commercial transport activities sector has experienced consistent economic growth over the last two years fueled by e-commerce, said an official
  • The number of registered commercial vehicles operated by these companies exceeds 300,000, reflecting a 16 percent growth rate compared to 2021, he noted

DUBAI, UAE – Commercial transport sector contributed AED16.1 billion ($4.38bn) to Dubai’s economy in 2022, said Mattar Al Tayer, Director-General, Chairman of the Board of Executives Directors of Dubai’s Roads and Transport Authority (RTA).

The sector employs around 242,000 jobs by more than 7000 companies, local media reports said.

“The sector is critical in achieving the goals of Dubai Economic Agenda (D33) which aims to position Dubai among the Top 3 economic cities globally,” Al Tayer said.

Logistical Hub

“The commercial transport activities sector has experienced consistent economic growth over the last two years fueled by e-commerce. Dubai is a significant logistical hub for shipping and distribution in the region,” Al Tayer said.

“Over 7,000 companies operate in the sector, which is a remarkable 26 percent growth in 2022 compared to the previous year. The number of registered commercial vehicles operated by these companies exceeds 300,000, reflecting a 16 percent growth rate compared to 2021,” he said.

“The commercial and logistical transport sector contributes about AED16.1 billion to Dubai’s economy, with AED8.5 billion constituting direct contributions and AED7.6 billion accounting for indirect contributions,” he added.

Rest Stops for Trucks

RTA is presently constructing three all-inclusive rest areas for trucks in partnership with the private sector.

These lay-by areas span over 226,000 square meters and can accommodate about 500 trucks and heavy vehicles.

There are 16 additional rest stops for trucks on several main roads across Dubai .

These facilities contribute to improving traffic safety by reducing accidents caused by driver fatigue resulting from extended periods of driving. Furthermore, they facilitate the smooth flow of traffic during the truck ban periods and address the issue of parking trucks on main roads and residential areas.