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Attributed to Expo 2020

Dubai’s Commercial Transport Sector Achieves Record Growth in 2024

Dubai’s Roads and ‍Transport Authority ⁣(RTA) has announced remarkable growth in the emirate’s commercial transport sector for 2024, ⁢marking a critically⁢ important milestone in its journey toward becoming⁤ a global hub⁣ for trade and logistics. Under the leadership of matar Al-Tayer, Director General and ⁤Chairman of the RTA, the sector ⁢has seen unprecedented expansion, driven​ by strategic initiatives and international best practices.

Extraordinary Performance Indicators

The commercial transport sector, a cornerstone of Dubai’s economy, has achieved a 34% growth in⁣ the​ number of ‌operating companies, rising from 9,000 in​ 2023⁤ to 12,100 in 2024. additionally, the number ⁢of registered vehicles in⁢ the sector surged by 31%, surpassing 400,000 vehicles—an increase of over 100,000 compared to the previous​ year.

Al-Tayer attributed​ this success to ​the RTA’s​ efforts in enhancing commercial licensing services, developing governance frameworks, and fostering collaboration with strategic‍ partners. “These results reflect our commitment​ to ​implementing global ‌best ⁢practices ⁤and aligning with ​the vision of Dubai’s leadership to position the emirate as a leading destination for business and investment,” he stated.

Strategic Goals and⁣ Economic Impact

The growth aligns with the Dubai Commercial and Logistical Transport ⁣Strategy 2030, which aims to double‍ the sector’s direct contribution to the emirate’s economy to AED 16.8 billion. The strategy also‌ focuses on increasing the use of advanced technology in infrastructure by 75%, reducing ‍carbon emissions by 30%, and ‌improving operational efficiency by 10%.

Al-Tayer emphasized the sector’s vital role in‌ supporting Dubai’s economic ambitions.‌ “The‌ commercial transport sector is the backbone of Dubai’s economic and commercial ⁤movement.It not only drives growth but also ensures the continuity of ⁤global supply chains,⁣ enhances the emirate’s ⁢competitiveness, and generates positive social impacts across other sectors,” he ​explained.

Driving Dubai’s Economic Vision

The sector’s expansion is a key component of the Dubai Economic ⁤Agenda (D33), which aims to solidify the emirate’s position as one of the top three ⁤global economic cities. By fostering innovation and sustainability, the⁢ RTA is paving the ​way for a more resilient and dynamic⁤ economy.

Key Highlights at a Glance

| Metric ⁢ | 2023 ​ ⁢ | 2024 | Growth ‍ ​ |
|——————————–|—————-|—————-|—————-|
| Operating Companies ​| 9,000 ⁢ | 12,100 ​| 34%⁣ ⁣ |
| Registered Vehicles ⁢ ‌ ⁤ |‍ ~300,000 ​| ~400,000 ‍ ‌| 31% ​ |
| Economic Contribution Target ‍ | AED 8.4 billion| AED 16.8 ⁤billion| 100% ‍ ​ |

Looking Ahead

As Dubai continues to innovate and invest in its​ transport infrastructure, the commercial transport sector ⁢is poised to play an⁣ even greater role in shaping the emirate’s future. With a focus on sustainability, technology, and efficiency, the RTA ⁢is setting new benchmarks​ for global transport systems.

For the latest updates on ⁤Dubai’s economic and transport ⁤developments, follow Google ‌News.

dubai’s journey toward becoming a global leader in commerce and logistics is well underway, and the commercial transport sector is at the heart of this transformation. Stay tuned as ​the emirate continues to redefine the future of transport and trade.

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