The maritime sector, which accounts for vast majority of the global trade, has huge absorptive capacity to enable technology companies to compete greatly with traditional firms in the shipping sector, according to Milaha.
Highlighting that almost 90% of global trade is maritime trade, Milaha chief executive Abdulrahman al-Mannai said it’s necessary to pay attention to this aspect because of its great importance for economic performance.
He said great effort has been made in Qatar’s maritime infrastructure field, especially with regard to shipyards, ports, roads and large installations, and in the support system as well, including co-operation between the government and the private sector and investment in technology.
“Given the huge absorptive capacity in this sector, technology companies are able to compete greatly with traditional companies in the shipping sector and we must consider this idea to make decisions in our sector, in addition to focusing on customers and placing them first, especially in light of the great competition, for their satisfaction,” he said.
Al-Mannai said climate change also has a role on supply chains, as well as the sustainability and governance standards that its adoption is much more important today for companies involved in the shipping sector, especially in 2020, which is considered a pivotal year where huge funds were allocated to these studies to develop these standards.
Qatar has witnessed very big changes in all stages of supply and supply chains, making it the only country in the Middle East with sufficient local capabilities in the import and export supply chain today, which is evidence of its great strength, especially in the past three years, according to him.
Milaha, a key sponsor of the event, showcased its range of integrated transport, logistics, and supply chain solutions.
Milaha’s current activities include marine transportation in gas, petroleum products, containers and bulk; offshore support services; port management and operations; logistics services; shipyard; trading agencies; real estate investments; and asset management.
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