Dubai To Be Among Top Seven Global Maritime Centres By 2020

Emirates will likely rank ahead of cities such as London, New York and Tokyo

Menon Business Economics which is responsible for evaluating leading maritime capitals of the world in their recent survey revealed that Dubai will flourish and advance further from being the leading maritime in the Middle East to being the seventh leading maritime centre in the world by 2020. Poll of around 1600 maritime and other professionals was taken.

The evaluation criteria on benchmarking the cities is done on basis of five factors namely the technology, finance, ports, logistics  and shipping. Other aspects of assessment include  how attractive and competitive the cities were.

The secretary general of Executive council of Dubai: His Excellency Abdulla Abdul Rahman Al Shaibani stated about Dubai that being on the top list in the region and also among other competitors globally simply proves that we are heading in the right direction achieving the vision of our wise leadership.

“The Dubai maritime sector strategy, was initiated in 2012 and the focus is to incorporate sustainable development by offering superior services, quality infrastructure, and regulations which are convenient to business”.

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“This ranking new achievement validates that the strategic objective is met appropriately.”

Dubai also ranked among the top ten global players in terms of leading centres for port and logistics services (6th); site of world-class specialised logistics services (6th); and volume of twenty-foot equivalent units (TEU) handled in city ports in 2013 (10th).

Dubai placed tenth in the world in terms of both the number of maritime legal experts practicing in the city and insurance premiums collected (in millions of US dollars) in 2013.

Dubai to be among top seven global maritime centres by 2020 uae

High officials working under the maritime authority says that the results make them extremely proud and content, there will be further initiation of strategies to reinforce the capabilities and attractiveness. The survey results have added on to the motivation to fulfill the prediction of Dubai to emerge as the worlds top seven maritime centres. So there will be an ultimate set of goals aimed at specific indicators such as shipping service, maritime insurance and maritime legal advertise. There will be further infrastructure investments, incorporate impactful policies and regulations, and improve more local expertise to make  Dubai reach into one of the world’s leading maritime hubs.

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