Business

Dubai Maritime City Authority (DMCA) officials recently consulted with officials of GAC Group, the leading maritime company, to talk about present and future aspects of maritime products and logistics solutions in light of the succeeding accomplishments of Dubai which rated in the leading 10 Maritime Capitals for 2017.

The move remains in line with the DMCA's dedication to establishing direct communication channels with leaders of the global maritime industry with a presence in Dubai, and forms part of its constant efforts to drive the development of the local maritime cluster, particularly maritime freight which accounts for the greatest share of the maritime industry in Dubai's GDP with AED 18 billion.

The session is the most recent in a collection of critical conferences held by the DMCA to promote constructive dialogue with its strategic partners in the economic sector. Such celebrations aim to figure out the demands and aspirations of maritime community leaders; identify thorough structures for addressing emerging challenges; and reap the benefits of development leads from financial investments in the local maritime cluster. DMCA authorities additionally showcased the succeeding achievements of Dubai in its mission to come to be among the leading and most competitive, prominent and comprehensive maritime and industrial centers worldwide in accordance with the DDubai Maritime Sector Strategy (MSS). The technique aims to create, control and promote the affordable columns of the local maritime industry to maintain abreast with growths at the regional and global degrees and ultimately setting Dubai as a sustainable, incorporated, and leading global maritime hub.

Amer Ali, the DMCA's Executive Director, revealed that the meeting with GAC's authorities gave an excellent platform for checking out the best possible possibilities to boost positive cooperation and open new channels for employing the competitive columns of among one of the most comprehensive and prominent maritime clusters worldwide. He also emphasized the significance of establishing durable relationships with stakeholders of the maritime sector from both the public and private sectors, referring to them as being long-standing partners in the journey led by Dubai in its initiatives to become one of the world's leading maritime destinations.

Ali said: "Dubai is positioned among the most famous maritime and logistics centers in the world in terms of maritime freight and logistics solutions. This is because of the emirate's well-established legal and legislative framework in addition to its positive setting for doing business and making financial investments. We are devoted to additional creating infrastructure, legal structures and logistics support in line with international requirements on maritime functional effectiveness, safety and security, and navigational protection. We support the ambition of regional and international financiers to constructing a strong existence within the local maritime collection which works as among the major arteries of the national economy and a major driver of the UAE's economic diversity."

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