ABU DHABI, 26th March, 2024 (WAM) — The General Civil Aviation Authority (GCAA) has launched the Cargo Data Reporting System (CARDS), which provides a range of technical services to government entities, national airlines, ground handling agents and express service providers.

CARDS is the first platform of its kind to provide an analytical view of air cargo movements to, from and through the UAE by analysing the performance of national airlines, ground handling agents and express service providers, and sharing results and market share with each entity. This helps stakeholders identify strengths and weaknesses and enhances their competitiveness.

Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Board of Directors of the GCAA, said that the UAE enjoys globally competitive status as one of the most advanced countries in terms of air cargo efficiency, with a strong infrastructure of airports, cargo companies and world-class logistics services. “In addition to the UAE’s continuous investment in developing its capabilities and potential in this key and important sector, the CARDS platform represents a new step towards the UAE’s global leadership in this vital sector. It provides a data repository to monitor challenges and identify obstacles that may face air cargo movements to, from and through the country, which supports the UAE’s development and economic plans, in line with the objectives of the ‘We the UAE 2031’ vision to make the UAE a global centre for the new economy and the transition to future sectors such as aviation and logistics.”

He added, “The new platform will contribute to strengthening the existing partnership between the Authority and representatives of the air cargo sector, by providing them with periodic and updated data on a monthly basis, which helps in decision-making, planning for the future and enhancing the competitive environment for the civil aviation sector in the country.”

For his part, Saif Mohammed Al Suwaidi, Director-General of the General Civil Aviation Authority, said, “We are proud today to launch CARDS, which is characterised by accuracy, privacy and ease of use, and which will allow relevant government agencies to view the cargo movement in the country, which enhances the capabilities of the stakeholders to identify the areas of development for air cargo movement.”

Al Suwaidi stressed that the platform will be subject to continuous development and updating to ensure the expansion of the scope of the information included in it to include the major cities from which and to which goods are exported and imported, and the most prominent categories of goods that are shipped by air to provide a complete picture of air cargo movement and trade exchange in the country.

Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that 32 percent of the total number of Small and Medium-sized Enterprises (SMEs) attracted to Dubai during 2023 were from the Middle East and Eurasia, with Asia and Australia following close behind at 29 percent.

The growing number of SMEs setting up in Dubai from countries around the world underlines the emirate’s importance as a key global hub for trade and investments.

The figures highlight the diverse range of SMEs from various nationalities and markets that the chamber has attracted to Dubai through its network of international representative offices around the world. Latin America and Europe accounted for 26 percent of the total number of SMEs attracted during 2023, while African markets represented 13 percent of the total.

The chamber also revealed that 17 percent of these SMEs operate within the trade and logistics sector. Additionally, 13 percent operate in the IT sector, specialising in areas such as artificial intelligence, blockchain, robotics, and software.

The food and agricultural sector ranked third, accounting for 10 percent of the total number of SMEs attracted. Healthcare and pharmaceuticals followed with nine percent of the total, while the public services sector came fifth, representing seven percent of the SMEs attracted. The financial services sector, which includes banking, asset and wealth management, fintech, insurance, and consulting firms, ranked sixth at six percent.

Real estate companies ranked seventh in terms of SMEs attracted, representing four percent of the total. The retail, fashion, travel, hospitality, and tourism sectors also accounted for four percent of the SMEs attracted.

Commenting on the figures, Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, emphasised Dubai’s reputation on the global stage as a destination for high-value investments. He stated that Dubai’s competitiveness stems from the wise and forward-thinking vision of its leadership, the emirate’s business-friendly environment, the ongoing development of services, favorable legislation, and the diverse range of investment opportunities available.

Lootah added, “Our network of international representative offices in key global markets has effectively promoted Dubai’s business community and highlighted the emirate’s value for companies seeking global expansion. We remain dedicated to contributing to the objectives of the Dubai Economic Agenda (D33), with a primary focus on attracting foreign direct investments in both traditional and emerging sectors.”

Dubai International Chamber successfully attracted 104 SMEs to the emirate during 2023, achieving a remarkable year-over-year (Y-o-Y) growth rate of 550 percent. This impressive increase reflects the chamber’s ongoing contribution to achieving the goals of the Dubai Economic Agenda (D33), which aims to double the size of the emirate’s economy over the coming decade and consolidate Dubai’s position among the top three global cities.

The Dubai International Chamber operates 31 international representative offices, with 16 new offices launched in 2023. This growing network is part of the Dubai Global initiative, which seeks to establish 50 representative offices worldwide by 2030 to support efforts to attract international investments and companies to Dubai.