Kuwait Freight Transport Report Q1 2014 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-02 22:05:01
Kuwait´s ports have struggled to recover the volumes they enjoyed prior to the global economic downturn, but BMI expects that growth will continue over the medium term. If there are continued instances of industrial unrest and strikes, however, as Kuwait´s ports have struggled with since the Arab Spring of 2011, then we may have to revise our forecasts down. The air freight sector was also hit in 2011, with volumes falling. We forecast slow but steady growth in Kuwaiti air freight over the medium term.
What continues to bode well for Kuwait´s freight transport is our macroeconomic outlook for the country.
Although oil prices are forecast to fall in the coming years they will remain high, and this is translating into spending by the Kuwaiti government and greater wealth among the populous. This is attracting logistics companies to add services to the country. Kuwaiti logistics company Agility continues to develop rapidly.
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