More than half a million vehicles were imported, exported or re-exported at Jebel Ali Port in the first 49 weeks of this year. Pawan Singh / The National
More than half a million vehicles were imported, exported or re-exported at Jebel Ali Port in the first 49 weeks of this year. Pawan Singh / The National

A car a minute speeds into Jebel Ali Port



A car or lorry was shipped through Jebel Ali every minute of every day so far this year, a record for the Dubai port.

More than half a million vehicles were imported, exported or re-exported at Jebel Ali Port in the first 49 weeks of the year. The figures underscore the growing demand for cargo capacity in the UAE and, officially inaugurated last week, Khalifa Port in Abu Dhabi provides a further boost to the country's emerging status as a trade corridor. "The record number of vehicles that have passed through the port's facility for roll-on roll-off vehicle carriers reinforces the growth message for the UAE and the wider region that we are hearing from economic commentators such as the IMF," said Mohammed Al Muallem, the senior vice president and managing director at DP World, which manages the port.

The previous record was 2008 when the number of vehicles handled through the port for the full year reached 479,000.

The data ties into other evidence of a pickup in car sales this year. Mainstream car brands such as Toyota, General Motors, Kia and Nissan have all reported growing sales in the country on the back of a glut of new financing options from banks in recent months.

Global car sales this year are expected to reach above 80 million cars and lorries for the first time, according to data from LMC Automotive. Jebel Ali also acts as a throughput for shipments across the region and beyond.

In the first nine months of the year, DP World handled 10 million 20-foot equivalent units (TEUs), 4.6 per cent ahead of the same period of last year.

The port is expanding with a brand new container terminal three and the expansion of terminal two, which will take total port capacity from 14 million to 19 million TEUs by 2014.

Existing general cargo facilities at Jebel Ali include 30 berths and a total storage area of more than 1.3 million sq metres of open storage and 100,000 sq metres of covered space.

The UAE's trade services are now further complemented by Khalifa Port, 45 kilometres from Jebel Ali.

Equipped with some of the word's largest sea-to-shore cranes, Khalifa Port will be able to handle 2.5 million TEUs a year, a figure that is expected to rise to 15 million by 2030.

But while Jebel Ali has established itself as a transhipment point, Khalifa Port will serve as a gateway to the Abu Dhabi market.

The port is just one element for Kizad, the overall vision of which is to create a 417 sq kilometre industrial and manufacturing hub that equates to two-thirds the size of the island of Singapore.

SPECS
%3Cp%3E%3Cstrong%3EEngine%3C%2Fstrong%3E%3A%202-litre%20direct%20injection%20turbo%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%207-speed%20automatic%20%0D%3Cbr%3E%3Cstrong%3EPower%3C%2Fstrong%3E%3A%20261hp%20%0D%3Cbr%3E%3Cstrong%3ETorque%3C%2Fstrong%3E%3A%20400Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3C%2Fstrong%3E%3A%20From%20Dh134%2C999%26nbsp%3B%3C%2Fp%3E%0A
The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
UAE currency: the story behind the money in your pockets
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)