Dubai's Commercial Transport Sector Experiences Significant Growth With Over 12,100 Companies In 2024

Dubai's Commercial Transport Sector, managed by the Roads and Transport Authority (RTA), has shown remarkable growth in 2024. The number of companies in this sector increased from 9,000 to 12,100, marking a 34% rise compared to 2023. Additionally, registered vehicles in the Commercial and Logistics Transport Sector surpassed 400,000, reflecting a 31% increase over the previous year.

Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors at RTA, attributed these achievements to strategic initiatives and partnerships. He stated that adopting top international practices and enhancing commercial licensing services were key factors. "These achievements are the result of RTA’s adoption of the highest international practices," he said.

The RTA's efforts align with Dubai's vision to become a global hub for finance and business. Al Tayer highlighted that these initiatives are part of the Dubai Commercial & Logistics Land Transport Strategy 2030. This strategy aims to double the sector's economic contribution to AED16.8 billion and increase technology use by 75% within its infrastructure.

The strategy also targets a 30% reduction in carbon emissions and a 10% improvement in operational efficiency. These goals reflect Dubai's commitment to sustainable development while boosting economic growth. Al Tayer noted that these efforts support Dubai's aim to be among the world's top three economic cities.

"The Commercial Transport Sector is a cornerstone of Dubai’s economic framework," Al Tayer explained. It plays a crucial role in advancing the Dubai Economic Agenda (D33). This sector ensures smooth goods flow and strengthens global supply chains, enhancing Dubai's competitiveness on the world stage.

Sector's Role in Economic Growth

The sector not only drives economic growth but also enhances Dubai’s global reputation. It fosters positive social impacts across various industries by ensuring efficient transport services. The RTA's initiatives have positioned Dubai as a leader in commercial transport innovation.

In summary, Dubai's Commercial Transport Sector has achieved significant milestones through strategic planning and collaboration. By focusing on sustainability and technological advancement, it continues to contribute substantially to the emirate’s economy while maintaining its competitive edge globally.

With inputs from WAM