Business
UAE Seeks to add More Value to Global Trade, Transport & Shipping
The UAE is looking for to include more value to international trade, transportation and shipping through its quote to become a Group B member of the Executive Council of the International Maritime Organization (IMO) The candidateship is supported by the UAE's leading position amongst international ports, being the very first Arab and regional and the third in terms of quality of port framework showing its crucial duty as a major player in the worldwide maritime field. The nation is identified to proceed its significant contributions in the direction of advertising the global maritime system and the growth and application of criteria for managing shipping plan that meet the requirements of the 21st century.
For his part, H.E. Dr. Abdullah Bin Mohammed Balheif Al Nuaimi, Minister of nfrastructure Development and Chairman of the Board of Directors of the Federal Authority for Land and Maritime Transportation, said: "With its global competitiveness and modern personnel competencies, the UAE has the ability to keep pace with substantial technological advancements and promote excellence according to best techniques and highest possible global criteria. The country is rapid coming to be an influential player on the global maritime phase, hosting 20 of the world's leading ports and running a total of 77 ports that are considered vital by important markets such as the USA and Europe. We operate several of the world's essential and largest ports."
"UAE ports boast of modern equipment and remarkable shipping and unloading capabilities, enabling the country to obtain the largest share of the total volume of container and freight handling in the region at 60 percent. This effectively positions the nation as a global maritime trading facility. The UAE's port administration system has come to be a global design for various other nations aiming to create and boost their port procedures," added H.E. Dr. Al Nuaimi.
H.E. Al Nuaimi stressed that the UAE has actually put in maximum initiative to create sophisticated aquatic framework inclusive of delivery services for navigating, hydrographics and meteorology along with look and rescue and emergency response solutions, port facilities, and procedures for successfully facilitating trade, cargo handling, and logistics. Substantial investments in local port growth and expansion tasks are anticipated to get to AED 157 billion over the next couple of years, which will certainly additionally enhance the UAE's maritime profile and abilities.
H.E. Al Nuaimi pointed out that the UAE's regional supremacy, its third global standing in terms of port framework quality and sixth position in maritime port infrastructure under the 2014-2015 Global Competition Index vouches for the wonderful success of the local ports industry over the past years many thanks mainly to the advice and unlimited assistance of the sensible leadership. The market's achievements, he added, will certainly aid meet UAE Vision 2021'se goal of developing an incorporated and lasting framework that will certainly make the country the first in the world in regards to the high quality of airport terminal, port and roadway facilities.
The UAE is the only Arab candidate for Group B subscription, taking on 11 countries of the major top worldwide trade mobile countries by sea is available in the center of Germany, Sweden, the Netherlands, Brazil, Argentina, France and Australia.
The International Maritime Company Executive Council is the certified international legal body for all maritime legislations and conventions related to the safety of maritime navigation and the marine environment. The IMO is a specialized firm under the umbrella of the United Nations interested in the maritime industry and the issuance of marine arrangements aimed at maintaining safety and security, environmental protection, and protection. Members will certainly be chosen at the 30th Ordinary General Assembly meeting in November.