SINGAPORE - Malaysia's drive to develop a world-class infrastructure and transport network propelled it to the fourth spot in a closely watched annual ranking of the world's 45 leading emerging markets.
Malaysia surged past Saudi Arabia (5), Brazil (6) and Indonesia (7), according to 2016 Agility Emerging Markets Logistics Index.
The index ranks emerging markets based on their size, business conditions, infrastructure and other factors that make them attractive to logistics providers, freight forwarders, shipping lines, air cargo carriers and distributors.
"Malaysia has shown a sustained commitment to economic diversification and to its drive to develop and upgrade its infrastructure. It has world-class ports, airports, road and rail networks, industrial parks and technology parks.
"It is going to lead the way as ASEAN countries of Southeast Asia continue to work toward economic integration," said Chris Price, Chief Executive Officer, Asia-Pacific for Agility Global Integrated Logistics today.
The Index is currently on its seventh year and offered a snapshot of the logistics industry sentiment in a closely watched annual survey of more than 1,100 global logistics industry