Maritime Industry
From The Report: Dubai 2016
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In recent years Dubai has risen through the ranks as a global maritime centre, taking its place among the top port cities worldwide. As global trade becomes more integrated, transnational companies continue to grow, and sea, land and air connections proliferate, the emirate looks set to continue climbing the rungs, helped on its way by significant amounts of new investment. Further progress could be hampered, however, by the challenges currently facing the global maritime industry, including an oversupply of vessels at a time of declining growth in cargoes. Yet during its development, Dubai has demonstrated a flexibility and willingness to change that should stand it in good stead through any storms to come.

This chapter contains an interview with Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World; and President, Dubai Maritime City Authority.

Articles from this Chapter

Overview

Heavyweight contender: Despite macroeconomic challenges, the sector remains a priority for development
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In recent years Dubai has risen through the ranks as a global maritime centre, taking its place among the top port cities worldwide. As global trade becomes more integrated, transnational companies continue to grow, and sea, land and air connections proliferate, the emirate looks set to continue climbing the rungs, helped on its way by significant amounts of new investment. Further progress could be hampered, however, by the challenges currently facing the global maritime industry, including an oversupply…

Interview

Port of choice: OBG talks to Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World; and President, Dubai Maritime City Authority
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Interview:Sultan Ahmed bin Sulayem What do you identify as the most significant trends in global trade, particularly in light of the slowdown in emerging markets? SULTAN AHMED BIN SULAYEM: The world is changing at a remarkable pace, with innovation and technology being two of the most significant drivers of change in recent years. Our transport and communications systems have evolved a lot, and with the help of information technology it is clear that this trend will continue to grow. At the…

Analysis

Essential software: The evolution of maritime arbitration and education are boosting the emirate’s international reputation
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Spurred on by the ambition of the Dubai Maritime Sector Strategy (MSS) to make the emirate a fully developed, multi-layered focal point for the global industry, a thoroughgoing re-examination of Dubai’s whole maritime infrastructure is under way. This includes not just developments in terms of “hardware” – the ports, yards and cranes visible around Port Rashid and Jebel Ali – but also the “software”: the legal and regulatory framework within which a successful maritime industry can…

Analysis

Troubled waters: A challenging macroeconomic climate for sea freight is requiring Dubai’s shipyards to be flexible and resourceful
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These are difficult times for many in the sea freight business globally, with an increasing number of ships chasing a declining level of cargo trade, as world economic growth slows. Such a supply and demand imbalance will eventually correct itself, but in the meantime, the current storm is providing important lessons for maritime hubs such as Dubai. Challenging Times The scale of the current fragility in the shipping market can quickly be seen in the fortunes of the dry bulk segment, as measured…

Analysis

Anchors away: The emirate’s boat building industry is on the rise
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According to the most recent official data, the UAE’s maritime industry was worth upwards of $61bn as of the end of 2014. As home to the Port of Jebel Ali, the busiest port in the Middle East, Dubai generates a considerable percentage of this value. While container shipping and other industrial maritime segments have traditionally driven economic expansion, in recent years Dubai has also become a major player in the yacht and leisure craft segment, and the boat building industry has grown rapidly. The…