In recent years Dubai has risen through the ranks as a global maritime centre, taking its place among the top port cities worldwide. As global trade becomes more integrated, transnational companies continue to grow, and sea, land and air connections proliferate, the emirate looks set to continue climbing the rungs, helped on its way by...
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...
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...
As 2015 drew to a close, one of the most eagerly anticipated pieces of legislation due in Dubai was new legislation governing public-private partnerships (PPPs). The new law, No. 22 of 2015, was published in September and introduced on November 19, 2015. Thus tendering rounds opened in 2016 offered the first opportunities for companies to...
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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