More than 5,500 companies work in maritime sector practicing 13,000 activities
The maritime sector significantly improved its contributions to the Emirate of Dubai’s GDP in 2015, accounting for AED 2.6.9 billion or 7 per cent of the total. Shipping had the largest share, followed by ports, maritime engineering, and maritime support services. The latest numbers reflect the increasing contribution of the maritime sector to the local economy which grew at an unprecedented rate of 25 per cent between 2011 and 2015. This confirms Dubai’s continuing success in becoming one of the most globally competitive, distinguished and comprehensive maritime centers in the world. The Maritime Sector Strategy introduced and implemented by the Dubai Maritime City Authority has been instrument in promoting the competitiveness of the local maritime sector and keeping pace with rapid regional and international developments in order to maintain a safe, sustainable and integrated industry.
H.E. Sultan Bin Sulayem, Chairman of Dubai Ports, Customs and Free Zone Corporation and President of the Dubai Maritime City Authority, said: “Under the guidance of our wise leadership and the tireless efforts of Dubai Maritime City Authority, the local maritime sector has made valuable contributions towards enhancing the gross domestic product of the Emirate of Dubai. The maritime industry was among the five major sectors that positively impacted the economic growth of the emirate in 2015.
The maritime authority continues to develop and implement strategic initiatives centered on nurturing a maritime environment that attracts leaders of maritime industries all over the world. It also provides all the necessary legislative and infrastructure to enhance the components of the maritime cluster, especially shipping, ports, maritime engineering, training and maritime support services. These components collectively form a strong foundation for maximizing the contributions of the maritime sector to the local economy.”
The Dubai Maritime Cluster Office will present the full details of Dubai maritime sector economic performance at the upcoming Dubai Maritime Summit taking place in Dubai, on Nov the 2nd.
Dubai ... A global maritime capital as acknowledged by Menon
The rise in the maritime sector’s share of the local GDP is the culmination of several achievements which have positioned Dubai at par with the world's largest maritime communities, according to a report issued by Norway-based Menon Group for Business Economics. Menon predicts that the emirate will rank seventh among the world’s best maritime capitals by 2020, outperforming London, New York, Tokyo, Copenhagen, and Rio de Janeiro.
The international report counted Dubai among the global Top 10 in terms of the competitiveness and attractiveness of its maritime cluster components. The emirate placed fourth among the five largest headquarters for port operators worldwide and sixth in terms of both ‘ports and logistic services’ and ‘world-class specialized logistic services.’ Dubai outperformed other established maritime hubs such as New York, Rotterdam and Oslo to rank 10th in size of ship owners’ fleets and size of fleets managed from the city’. These positive results are primarily attributed to the successive achievements and significant developments witnessed by the local maritime sector under the directives of Dubai’s Executive Council and the efforts exerted by the Dubai Maritime City Authority and its strategic partners from the government and private sectors. All are committed to advancing the goal of the Maritime Sector Strategy to consolidate Dubai's position as a first-class global maritime center.
Dubai Maritime Cluster Office … A continuous journey of achievements
The launching of the Dubai Maritime Cluster Office marks a major step in the continuous journey of achievements led by the Dubai Maritime City Authority. The Office is responsible for monitoring, implementing and promoting Dubai’s Maritime Sector Strategy with a sharp focus on fostering fruitful cooperation and close coordination among local, regional and global governmental and private agencies and other sectors involved in the maritime industry. It will play an important role in elevating the contributions of the maritime sector to the accelerated economic development of the emirate and its complete transformation into one of the most important business centres in the world. This will be achieved by increasing the number of maritime companies operating within the local maritime cluster which currently number about 5,000 plus as well as enhancing local maritime activities which hit more than 12,000 in 2015.
By establishing the Dubai Maritime Cluster Office, DMCA has successfully developed an integrated framework for following up the implementation of inspirational maritime initiatives complementing the goals of the Dubai Maritime Sector Strategy. The Strategy is the first plan developed in Dubai for improving the competitive factors of the local maritime sector. It focuses on reinforcing infrastructure, upholding legal and legislative excellence, developing maritime services, investing in maritime training, and building a supportive environment for business and investment. Despite being a new entity, the Office is already steadily moving towards the path of excellence through a series of pioneering initiatives that together form a major pillar for strengthening the role of the maritime sector as a vital driver of Dubai’s economy. These initiative include the following:
Dubai Maritime Club ... The competitiveness of the maritime cluster is a strategic priority
The Dubai Maritime Club is one of the top initiatives that is transforming Dubai into one of the most comprehensive, prestigious and competitive maritime clusters in the world. Its main role is to provide new, innovative and effective solutions for addressing the most critical issues faced by the maritime sector based on in-depth discussions about the technical, legal, economic and logistical factors affecting the present and future of the maritime sector. The Club provides an interactive platform for stimulating innovation, creativity, excellence and teamwork, as well as activating direct communications and encouraging constructive dialogue and knowledge transfer to develop a competitive, sustainable and secure maritime environment for regional and international investors.
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