Maritime Industry
From The Report: Dubai 2015
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Dubai’s maritime industry adds $3.92bn in economic value annually and the emirate’s government has placed a strong emphasis on the sector in the last decade. Long-term goals include implementing smart technology, maintaining high-quality infrastructure and developing local human capital. In the first initiative of its kind in the Middle East, the Emirates Maritime Arbitration Centre in Dubai will provide dispute resolution and deliberation based on a legal regime drawing from global best practices. It is designed to give parties access to a range of maritime regulatory guidelines and standards and to boost the emirate’s ambition of becoming a leading global maritime cluster.

This chapter contains an interview with Sultan Ahmed bin Sulayem, Chairman, Ports, Customs and Free Zone Corporation; and President, Dubai Maritime City Authority (DMCA).

Articles from this Chapter

Overview

Dubai taking innovative steps to become a major maritime centre
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With a strategic position near the Strait of Hormuz, Dubai has always been a natural location for a port serving its hinterland, and the emirate has a longstanding maritime tradition. Furthermore, following the development of Jebel Ali Port, which now has the largest man-made harbour in the world, Dubai has emerged as a serious player in the global maritime industry. However, the emirate has ambitions that go well beyond its famous port. The authorities want to build a maritime cluster that can rival…

Analysis

Dubai’s strategic and central location attracting new maritime operators
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While the general outlook for global shipping remains underwhelming, the route into the region has been performing strongly. In October 2014 the energy analysis and research firm, Platts, reported that there was an undersupply of ships serving the Gulf. This has led to a sharp spike in rates in the region and the diversion of several Aframax vessels – an oil tanker of between 80,000 to 120,000 dead weight tonnes – to the region by ship owners. As of late October 2014, a ship owner could earn…

Interview

Sultan Ahmed bin Sulayem, Chairman, Ports, Customs and Free Zone Corporation; and President, Dubai Maritime City Authority (DMCA): Interview
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Interview:Ahmed bin Sulayem In which areas will the local maritime industry face the biggest challenges in terms of human capital? AHMED BIN SULAYEM: Maritime operations and engineering; ports and shipping; recreational maritime services; and offshore support services are key areas that require a highly skilled human capital base. All components of the sector supply the labour market with more than 75,000 jobs. Of these fields, maritime operations and engineering, and ports account for 51%…

Analysis

Building a portfolio: Expanding infrastructure and key facilities offers much for the shipbuilding segment
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With a long tradition in boat building and a central location on one of the world’s busiest shipping lanes, Dubai remains a serious player in the shipbuilding industry. The UAE, as a whole, invested between $170m and $220m on boat design and boat building in 2013, according to the Dubai Council for Marine Industries and Drydocks World. While this includes pleasure crafts, the emirate also has a strong reputation in terms of commercial and industrial ship construction. Attractive Credentials “Dubai…