Tighter budgets as a result of a protracted period of low oil and gas prices and global economic slowdowns, could well turn the mid- to low-range real estate market into a new haven for investors in Dubai, with many now looking for good-quality, affordable property. Indeed Dubai’s real estate market has been witnessing a shift away from the...
These are difficult times for many in the sea freight business globally, with an increasing number of ships chasing a declining level of cargo trade, as world economic growth slows. Such a supply and demand imbalance will eventually correct itself, but in the meantime, the current storm is providing important lessons for maritime hubs such as...
Spurred on by the ambition of the Dubai Maritime Sector Strategy (MSS) to make the emirate a fully developed, multi-layered focal point for the global industry, a thoroughgoing re-examination of Dubai’s whole maritime infrastructure is under way. This includes not just developments in terms of “hardware” – the ports, yards and cranes visible...
Although perhaps no longer able to boast more cranes operating within its boundaries than in all the other cities of the world put together, Dubai is still comfortably one of the world’s leading centres for the construction industry. Major projects continue to roll out, while existing ones finish off or evolve into new developments. From a new...
According to the most recent official data, the UAE’s maritime industry was worth upwards of $61bn as of the end of 2014. As home to the Port of Jebel Ali, the busiest port in the Middle East, Dubai generates a considerable percentage of this value. While container shipping and other industrial maritime segments have traditionally driven...
With major expansions across land, sea and air connections currently under way, Dubai’s transport sector continues to drive much of the emirate’s economic and international success. The government is fully committed to the continuous improvement of this infrastructure, with new rules for public-private partnerships (PPPs) aiming to enhance...
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