Move comes as part of the new Dubai Silk Road
Dubai has officially launched the first World Logistics Passport as part of the first phase of the new Dubai Silk Road strategy.
The World Logistics Passport is anticipated to offer new levels of efficiency and savings, connecting shippers, liners and government entities with logistics service providers.
The move solidifies Dubai’s reputation as one of the most innovative areas for digitalized trade in the world.
The passport is thought to be a vital foundation of the Dubai Silk Road, Dubai’s plan to widen its reach and smoothen out its global supply chain connections.
The Dubai Silk Road takes its name from the famous Maritime Silk Road made famous by China as it includes its push to be the pre-eminent name in the movement of global trade.
Crown Prince of Dubai and Chairman of the Dubai Executive Council Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said Silk Road strategy “marks the beginning of a new phase of economic growth” that will further boost Dubai's position as a global economic and business hub.
The Crown Prince added that the Dubai Silk Road renders the UAE ready for developments in international trade by offering new state-of-the-art logistics services using the latest smart applications.
Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, said: “Dubai's sophisticated logistics services will further enhance its value offering for investors and businesses by saving time and effort and reducing their operational costs.
“This is a powerful tool that will eventually lead to increased revenues. We are keen to offer investors and businesses new advantages in conducting global trade."