The freight and logistics market in the UAE was valued at US$19.65 billion in 2020 and is expected to reach US$31.41 billion by 2026, growing at a CAGR of 8.41% during this period. The UAE's logistics sector contributed 8% to GDP in 2021 and the country ranked 11th in the World Bank's Logistics Performance Index in 2018, higher than economies like Hong Kong, United States, and Switzerland. The Port of Jebel Ali in Dubai is the 11th largest container port globally, handling 13.5 million TEU in 2020.