In which areas will the local maritime industry face the biggest challenges in terms of human capital?
The Middle East Industry
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Articles & Analysis | Dubai's strategic and central location attracting new maritime operators from The Report: Dubai 2015
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...
Articles & Analysis | Dubai's expanding infrastructure offers new opportunities for the shipbuilding segment from The Report: Dubai 2015
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...
Articles & Analysis | Dubai taking innovative steps to become a major maritime centre from The Report: Dubai 2015
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....
The manufacturing sector has recorded consistent growth in recent years, accounting for 13.7% of the emirate’s GDP in 2013. Free zones such as the Jebel Ali Free Zone and the Dubai Auto Zone continue to play an important role in the sector, with incentives helping to draw in international players. According to the Jebel Ali Free Zone Authority, its 625 automotive companies generated trade...
Chapter | Maritime Industry from The Report: Dubai 2015
Dubai’s maritime industry adds $3.92bn in economic value annually and the emirate’s government has placed a strong emphasis on the sector in the last decade. Long-term goals include implementing smart technology, maintaining high-quality infrastructure and developing local human capital. In the first initiative of its kind in the Middle East, the Emirates Maritime Arbitration Centre in Dubai...