Dubai Named as One of the World's Top 10 Maritime Capitals

dubai maritime city authority DMCA logo

By MarEx 2017-05-30 15:37:09

Dubai Maritime City Authority (DMCA) is taking part as an exhibitor at Norshipping, Norway, (May 30-June 2) shortly after Dubai's recognition in an influential report as one of the Top 10 global maritime capital cities. The DMCA is largely responsible for the emirate’s spectacular rise as one of the world’s maritime capitals, helping to attract many ship owners and shipping companies to transfer their headquarters to Dubai.

DNV GL and Oslo-based Menon Economics published the third edition of the influential The Leading Maritime Capitals report this April and this benchmarked the world's top maritime hub cities against five criteria: shipping, finance and law, maritime technology, ports and logistics, and overall attractiveness and competitiveness. This objective analysis was supplemented by a survey of more than 250 industry experts from around the world.

In the Middle East, India and Africa, Dubai was ranked the leading maritime center, confirming its regional status as the dominant hub. The city has also strengthened its overall global position compared to the 2015 report, moving up from 13th to 10th. Dubai was, furthermore, ranked the 5th highest maritime city in terms of attractiveness and competitiveness, behind only well-established centers such as Singapore, Oslo, Copenhagen and Hamburg, compared with 8th place in 2015.

Dubai is expected to rise higher still, now that it has broken into the Top 10 worldwide. In fact, the experts' assessment contained within the report predicts that the city will continue to grow in stature and will become the world's 6th most important maritime center by 2022.

Amer Ali, chief executive of the DMCA, said: "The findings of the report are validation of the work of the Dubai Maritime City Authority in delivering the emirate's Maritime Sector Strategy (MSS). It will also encourage us to work harder to further enhance the legislative, legal and financial structures that are in place and improve the range of maritime services on offer, to propel Dubai even further up the rankings as a global maritime center."

The government of Dubai’s MSS provides a framework for development until 2020. Within this over-arching strategic plan, DMCA has launched various important initiatives to strengthen Dubai’s position as a global destination and attract high-level global maritime companies. These include:

  • Dubai Maritime Week, a world-class forum, the 4th edition of which will be held 30th October to 3rd November 2017
  • Dubai Maritime Summit & Dubai Maritime Agenda, both of which are first-of-their-kind forums in the Middle East
  • Maritime Creativity Lab, an interactive smart platform for encouraging innovative ideas for developing integrated strategies to improve the performance, safety, efficiency and competitiveness of the local marine sector.
  • Maritime Innovation Workshop, which attracted participation from several governmental entities and 35 private companies interested in various components of the marine sector at its launch event.
  • Dubai Maritime Training Centre, a key pillar for improving human resources qualified to continue the development of the local maritime sector components and position Dubai as a leading regional and global maritime center.
  • Dubai Maritime Virtual Cluster, which aims to facilitate effective communication amongst members of the local maritime community, removing constraints of time and distance.    
  • Innovation Quay, a new and ambitious initiative designed to take advantage of technological innovation to promote developments in all aspects of the maritime sector.

The Dubai MSS aims to enhance the strengths of the local maritime sector, including ports, imports and exports, and financing services. It also targets developing logistics and marine services to maximize growth opportunities for ship owners, brokers, and maritime finance and insurance companies.

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