DMCA Showcases Dubai's Competitiveness at SMM 2018 in Germany

Business

DMCA Showcases Dubai's Competitiveness at SMM 2018 in Germany

The Dubai Maritime City Authority (DMCA) showed the pioneering experience of Dubai as well as the affordable strengths of the regional maritime area during its engagement at the Maritime Shipbuilding, Machinery and Marine Technology (SMM) Exhibition, among the biggest innovation as well as marine equipment events in Hamburg, Germany. Dubai was one of the world's leading five in the International Delivery Centre Development Index (ISCD), making it the very first Arab city to accomplish this setting in the maritime field. The DMCA took part together with the Dubai Chamber, the Dubai Multi Commodities Centre (DMCC), as well as government as well as personal maritime entities.

H.E. Ali Abdulla Al Ahmad, UAE Ambassador to Germany, checked out the UAE pavilion throughout which he applauded to ongoing initiatives to increase Dubai's global competition and improve its good looks. He was welcomed by Amer Ali, Exec Supervisor of DMCA; H.E. Hisham Abdullah Al Shirawi, the Dubai Chamber's Second Vice Chairman; and also Ahmed Container Sulayem, Executive Chairman of DMCC.

The exhibition provided the DMCA a system to display its most ambitious efforts created to catapult Dubai right into the rankings of the globe's finest, consisting of Singapore, Hamburg, Oslo, Hong Kong, Tokyo, Copenhagen, Athens as well as London. The DMCA concentrated on crucial initiatives focused on building a maritime field based upon technology, knowledge as well as modern technology according to the goal of Dubai Strategy 2021 to develop a smart as well as lasting city.

The Dubai Maritime Virtual Cluster (DMVC), which led the efforts to establish a wise maritime sector, seeks to build an incorporated structure, implement the best worldwide maritime methods, facilitate access to first-rate maritime solutions to enrich financiers' self-confidence in Dubai and raise the regional sector's economic payments.

H.E. Al Shirawi sad: said: Dubais participation in the exhibition, one of the largest and most important exhibitions in the maritime industries, reflects the emirates importance and status as s an international center for maritime transport and shipping thanks to its strategic location, expertise, competencies, and other advantages.

Citing Dubai's function in the global trade system, H.E. Al Shirawi said The UAE's USD$ 54 billion maritime field contributes about 5 per cent to the regional economic climate as well as is expected to boost in the coming years.

Amer Ali, Executive Supervisor of DMCA, said: "Our participation in SMM 2018 is part of our continuous efforts to elevate Dubai and also the UAE's placements on the global stage. It came on the heels of Dubai's recent accomplishment. The emirate was named one of the top five delivery facilities on the planet, citing the federal government's ongoing assistance, distinguished services, advanced framework, worldwide maritime as well as logistics capacities, cutting-edge complimentary zones, competitive setting, as well as durable service and investment activities."

Ali included: "We are very proud to have partnered with Dubai Chamber as part of the national delegation representing the UAE. Our aim was to make Dubai one of the most competitive maritime centers in the world. We appreciate the presence of H. E. Ali Abdullah Al Ahmad, Ambassador of the UAE, and we are confident of the positive outcomes of our participation in the event. We reaffirm our commitment to strengthen communication channels, explore new investment horizons, access to the latest maritime innovations and emerging trends, and introduce innovative initiatives. These are the cornerstones for building a secure, integrated and sustainable maritime sector that will drive the UAEs ambitious economic diversification process."

Dubai has just recently been called as one of the leading five in the International Shipping Centre Development Index (ISCD), to end up being the first Arab city to attain this leading international acknowledgment in the maritime industry, according to a current record by Baltic Exchange, and also Xinhua Information Firm, a subsidiary of the China Economic Information Service (CEIS)based in London.