Construction of Dubai Maritime City, the world’s first purpose-built maritime centre and a member of the Dubai World Group of companies, is one year ahead of schedule.
More than half the warehouses and workshops are operational as is the 3,000 tonne ship lift while the the larger 6,000 tonne ship lift is standing at more than 70% completion.
According to Nawfal Al Jourani, Chief Marketing Officer, Dubai Maritime City, investors can now clearly see the vision behind Dubai Maritime City. “Moreover, the project offers investors other incentives such as free-zone benefits, responsive government support, the independence as a Regulatory Authority, a tax-free business environment and an effective port structure.”
The project has already generated widespread interest because of its first-of-its-kind integrated maritime concept, as it aims to address the requirements of the global maritime community through its fully integrated facilities, infrastructure, services and regulations.
On completion, Dubai Maritime City will incorporate six clusters, spread across a 227-hectare man-made peninsula; which include the Harbour Offices, Harbour Residences, Maritime Centre, Marina District, Dubai Maritime City Campus, and the Industrial Quarter. Several high profile attractions are being developed within the complex, including the UAE’s first National Maritime Museum, the Gulf region’s largest ship lift for ship maintenance and repair and a boat licensing facility.
It is also expected that Dubai Maritime City will be able to accommodate a large percentage of the 30,000 to 40,000 boats and yachts predicted to be moored in Dubai within the next five years. According to reports published in 2007, the boat ownership ratio is 1:45 in Sydney and 1:12 in Norway, while it is expected that the Gulf region, particularly Dubai, will overtake Europe in terms of per capita boat ownership.
Dubai Maritime City is a 227 hectare fully-equipped, iconic and multidimensional maritime centre providing a world-class infrastructure and environment for the global maritime industry and related sectors. Dubai Maritime City is driven by the needs of both local and international marine and maritime communities for a dedicated hub.
It capitalises on the strengths of Dubai as a regional and international hub for trade and commerce, redefining the global maritime industry. It will provide a strategic location for the maritime industry sectors across the full spectrum of maritime business – maritime management, maritime services, maritime retail and recreation, maritime education and research, ship repair and maintenance, yacht repair and maintenance.