Recent times have seen Dubai’s industrial sector emerge from the downside of the 2008-09 global crisis, with order books growing and confidence returning. The expectation of major future business is also strong, particularly since the emirate was awarded Expo 2020. Though there is an underlying mood of caution among many, this new conservatism has been generally positive...
While the general outlook for global shipping remains underwhelming, the route into the region has been performing strongly. In October 2014 the energy analysis and research firm, Platts, reported that there was an undersupply of ships serving the Gulf. This has led to a sharp spike in rates in the region and the diversion of several Aframax...
With a strategic position near the Strait of Hormuz, Dubai has always been a natural location for a port serving its hinterland, and the emirate has a longstanding maritime tradition. Furthermore, following the development of Jebel Ali Port, which now has the largest man-made harbour in the world, Dubai has emerged as a serious player in the global maritime industry....
With a long tradition in boat building and a central location on one of the world’s busiest shipping lanes, Dubai remains a serious player in the shipbuilding industry. The UAE, as a whole, invested between $170m and $220m on boat design and boat building in 2013, according to the Dubai Council for Marine Industries and Drydocks World. While this includes pleasure crafts...
Dubai has invested heavily in the creation of competitive infrastructure and a business-friendly regulatory framework to help solidify its status as a regional hub for trade and manufacturing. In terms of logistics, the Jebel Ali Port and the rapid expansion of the national airline, Emirates, provide companies with streamlined import/export...
According to the Dubai Chamber, manufacturing is among the greatest contributors to the UAE’s non-oil GDP, accounting for roughly 14% of non-oil GDP over the last decade. This figure grew to 16% in 2012 and was expected to rise as high as 19% in 2013. At the national level, the bulk of manufacturing investments are concentrated in heavy industry...
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