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Dubai Maritime City To Be Ready By Next Year
By 2006 Dubai will have the world’s largest ship repair capacity with Dubai Maritime City adding to facilities already provided by Dubai Dry Docks, according to Sultan Ahmed Bin Sulayem, executive chairman of Dubai Ports, Customs & Free Zone Corporation (PCFZ).
Delivering the opening address yesterday at the Seatrade Middle East Maritime conference at the Dubai World Trade Centre, he said 40 per cent of the reclamation work for Dubai Maritime City, a 195-hectare man-made peninsula being designed as a multidimensional centre for the global maritime community, is now complete with the remainder scheduled for completion within the coming year. “Between Dubai Maritime City and Dubai Dry Docks we will have the largest capacity for ship repair in the world. Dubai Maritime City will be able to accommodate up to 5,000 companies in offices and work shops. A range of clustered facilities which are currently scattered around Dubai and the region will be housed in one area and right in the heart of the emirate. Dubai Maritime City is re-engineering the way we offer facilities for the maritime industry — it is a dedicated facility for all sectors of the industry,” he said.
Addressing Seatrade delegates who have numbered more than 330 from 40 countries, Bin Sulayem said though heavy investment had been ploughed into Dubai ports, terminals in other parts of the region also needed to upgrade if all are to succeed. “If we are to continue to generate business, other ports in the region have to upgrade in new equipment and technology to give a good region-wide service. We have to be pro-active and efficient; otherwise business will always go elsewhere,” he added.
Earlier in the day, he said after the opening of the Seatrade Middle East Maritime exhibition, that the international shipping industry has entered a ‘golden age’, to which Dubai is contributing and benefiting from external and internal forces “This is truly the golden age of shipping with good rates, not enough ships to meet cargo demand and expanding lines. Dubai ports are also expanding to cope with growth.” He said: “This growth is being spurred by external and internal factors. Externally, much of the cargo sector is now experiencing double-digit growth and internally, the huge construction boom, which Dubai is witnessing and which in turn has led to an expansion of the services sector, has created huge demand for additional cargo capacity.”
The Seatrade Middle East Maritime conference is being held alongside the event’s exhibition, which features more than 200 companies from over 30 countries and national pavilions from Iran, Turkey, India, Pakistan and Holland. The show is three and a half times bigger than last year’s event.
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