The growing popularity of semi-autonomous vehicles (a type of transport based on an independent driving control system) is propelling market growth, despite some fears from everyday people and the technically uninformed.
Experts agree that autonomous vehicles will shape the future of logistics and mobility and are expected to be a driving force in the automotive industry in the coming years.
While regulators in other countries are discussing rules and regulations for autonomous vehicles, UAE authorities launched fully independent subway cars back in 2009, and in 2014 launched a project with ground streetcars, also equipped with the latest technical innovations and full automation.
At the same time, manufacturers, developers of autonomous technologies, and system integrators around the world assess the commercial viability of autonomous vehicles for transport and logistics as high.
Consequently, there is a strong demand for autonomous vehicles and spare parts for them, and these ambitions are in line with the goals of digital mobility in the future economy pursued by the world's most advanced countries. This is evident in the development trend of Dubai and the UAE as a whole.
Dubai was and remains one of the first cities to develop its Dubai Autonomous Transport Strategy, which aims to move 25% of all transportation in Dubai to autonomous mode by 2030.
According to the Global Autonomous Vehicles Market 2023-27 report recently published by Technavio, the global autonomous vehicle market is expected to accelerate at a compound annual growth rate (CAGR) of 38.45% to $319.41 billion from 2022 to 2027.
The United Arab Emirates has an unquestionable advantage in this respect, not only for reasons of zealousness in the application of advanced technologies, but also from a logistical point of view. After all, a conveniently located logistics unit will allow a successful company to realize its most grand ambitions.
In 2022, the United Arab Emirates Customs ranked first among similar border control authorities of 63 countries of the world in terms of the efficiency of its work.
Last year alone, 26 million import and export procedures were performed here. A successfully registered trading company with its own warehouse and/or distribution centre will undoubtedly be of interest to local counterparties as well, which will strengthen economic ties of business both inside and outside the country.
To get a consultation on setting up a logistics business in the UAE Free Economic Zone, contact the specialists of Make Fortune.
In addition, the consultation will provide an opportunity to clarify the particulars of registration of such a business in the Mainland.
