Dubai maintains top five shipping hub status
Dubai has outperformed Rotterdam and Hamburg to consolidate its position among major maritime clusters such as Singapore, Hong Kong, London & Shanghai in the latest International Shipping Centre Development Index (ISCDI).
The latest report by Baltic Exchange for trading and shipping and the Xinhua news agency of the China Economic Information Service based in London ranked Dubai fifth in the International Shipping Centre Development Index (ISCDI) for the second consecutive year.
Sultan Ahmed bin Sulayem, chairman of Dubai Ports, Customs and Free Zone and chairman, Dubai Maritime City Authority (DMCA) expressed his pride in Dubai’s position among the top five in the International Shipping Centre Development Index (ISCDI) for the second consecutive year.
He pointed out that this latest recognition is the result of pioneering efforts led by the Dubai Maritime City Authority in cooperation with leading government and private sector entities, in order to enhance the competitiveness and attractiveness of the local maritime sector and to make it one of the areas that contribute to economic diversification.
This falls in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who spearheads the economic diversification in order to build a stable and sustainable future.
Dubai’s ranking as the world's fifth best maritime hub reflects its highly competitive capabilities, which include state-of-the-art infrastructure, world-class maritime and logistics capabilities, a competitive business environment, and investment and free zones that offer integrated services.
Sultan Ahmed bin Sulayem, chairman of Dubai Ports, Customs and Free Zone and chairman, Dubai Maritime City Authority (DMCA)
The emirate has outperformed some of the world's top maritime centres including Rotterdam and Hamburg that ranked sixth and seventh respectively.
Singapore topped the list for 2019, with Hong Kong second and London third and Shanghai fourth.
Bin Sulayem said: "Maintaining the fifth position among the leading international maritime centres motivates us to continue our efforts to further enhance Dubai’s competitiveness in the global maritime landscape.
“We are exploring ways to enhance the confidence of regional and international investors in the local maritime sector, especially shipping, ports, engineering, training and maritime support services, based on strong foundations of R & D, innovation and smart transformation.”
The latest achievement also highlights DMCA’s success in carrying out a number of initiatives to support Dubai's position as an influential force within the global maritime economy, particularly Dubai Maritime Sector Strategy, Dubai Logistics Strategy and Marine Industrial Strategy, as well as its successful hosting and active participation in major maritime forums and organizers of the largest and most comprehensive maritime event in the Middle East, the UAE Maritime Week.
The International Shipping Centre Development Index (ISCDI) follows a methodology based on the assessment of competitiveness in attracting maritime businesses and efforts to integrate creativity and innovation in maritime centers around the world, as well as the vital role played by each of the candidates in stimulating the growth of the global maritime sector.