Apr. EN 2020

6 Mazaya Monthly Real Estate Report - Week 3 - April 2020 The report highlighted that cold chains, which include fresh products and medicines, are among the most developed sub-sectors in the air freight market, recording a compound annual growth rate of 7.8%. Transportation restrictions are expected to reflect an increase in the values ​​and volumes air freight shipment. The global freight value reached to about 35% before the outbreakoftheCoronavirus(COVID-19). Despite the losses incurred due to air travel restrictions, which led to the cancellation of up to $113 billion in sales, the focus on supply chains would support revenue growth, reduce losses and contribute tomaintaining important supplies around theworld, substantially increasing the demand of the freight and logistical support industry. All efforts and plans are currently focused on ensuring that supply chain operations around the world, especially the flow of goods and medicines are not disrupted. The report drew attention to sector data at the global level, as commercial and political developments had direct and indirect effects on its performance and the pace of activity and growth. This did not prevent the continuation of investments or expansion of development activities, as with short-term effects, the framework indicates several economic changes. The sector will grow at rates that exceed those of the countries ’GDP, by no less than 3% during the current year, and by up to 4.5% for the air freight sector by 2050.