Dubai Maritime City signs agreement with Mubarak Marine
Dubai Maritime City LLC (DMC) has signed a long-term partnership agreement with Mubarak Marine LLC.
The agreement is for the development of an industrial complex project for maritime services, shipbuilding and repair worth US$35.3 million (AED 130 million). This complex will enable Mubarak Marine to establish their headquarters as well as a major marine workshop and maintenance facility.
Khamis Juma Buamim, chairman of Drydocks World & Maritime World, said: “DMC offers a business-friendly atmosphere and all of the facilities that business and trade establishments rely on for easy unhindered growth, something which Dubai is well-known for. In addition, the strategic location at the gateway to Middle East, North Africa and Asia helps in establishing business ties with companies within and outside the region. We are delighted that a well-known company such as Mubarak Marine has chosen decided to further their operations from the city, this will definitely fuel the growth of the repair and maintenance sector and also direct attention to the important role played by the City in facilitating maritime activity both regionally & globally.”
Juma Mubarak, CEO of Mubarak Marine Group, added: “Dubai Maritime City encourages the growth of the ship repair and maintenance sector by providing excellent infrastructure, logistical support, ready hassle-free set up all of which are pre-requisites for achieving faster return-on-investment. The opportunities within the city for networking, building, growing and sustaining a business are immense and we hope to capitalise on this.”
The Maritime City has witnessed an increasing number of local and international organisations moving into the city. The city, which is one of the largest man-made multi-purpose developments in the world, is strategically located close to the heart of Dubai which is one of the most rapidly developing maritime centres in the world.
The project which is located within the Marine District of DMC is a district which covers an area of 106 hectares and comprises of pre-built industrial property, ship repair & building plots, yacht repair & manufacturing plots, retail units, offices and ship yard facilities and services.
DMC undertakes a continuous development of infrastructure and multi maritime facilities all of which are geared towards improving the business opportunities and investments for long term diversification of income sources. DMC also offers a wide variety of support services and assistance to business establishments for easy set up and rapid growth.