Logistics Hub Strategy of the GCC Countries and Policy Implications: With a Focus on Saudi Arabia and the UAE

4 Pages Posted: 29 Jun 2016

See all articles by Kwon Hyung Lee

Kwon Hyung Lee

Korea Institute for International Economic Policy

Sung Hyun Son

Korea Institute for International Economic Policy

Jaeeun Park

Korea Institute for International Economic Policy

Yun Hee Jang

Korea Institute for International Economic Policy

Date Written: June 27, 2016

Abstract

The aim of the research is to review strategic policies toward logistics hub of the GCC countries including infrastructure and hinterland development and to suggest government policies to upgrade industrial and logistics cooperation between Korea and GCC countries. In particular, logistics hub policies promoted in Saudi Arabia and UAE are analysed as case studies to draw some implications for the government policies. First, the logistics sector should be considered in connection with industrial sectors, as logistics hubs have been developed as tools for economic diversification. Second, logistics hubs in the GCC countries could be used as a base to re-export Korean products to the Iranian market after international sanctions against Iran are removed. Third, investment by Korean companies is necessary for the establishment of joint ventures between Korea and the GCC countries in logistics related business activities. Fourth, logistics information platforms should be established in major logistics hubs in the region, to help Korean companies seeking information on logistics demand and cooperative partners in the GCC market.

Keywords: Logistics Hub, Saudi Arabia, UAE

Suggested Citation

Lee, Kwon Hyung and Son, Sung Hyun and Park, Jaeeun and Jang, Yun Hee, Logistics Hub Strategy of the GCC Countries and Policy Implications: With a Focus on Saudi Arabia and the UAE (June 27, 2016). KIEP Research Paper World Economy Update- No.16-16, Available at SSRN: https://ssrn.com/abstract=2801432 or http://dx.doi.org/10.2139/ssrn.2801432

Kwon Hyung Lee (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Sung Hyun Son

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jaeeun Park

Korea Institute for International Economic Policy ( email )

Seoul 137-602

Yun Hee Jang

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

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