DMC Business, Commercial OpsThrive in 2012

(Press Release)
Monday, July 23, 2012

Dubai Maritime City (DMC), the world class maritime cluster built to further maritime activity in the Middle East, saw an increase in business and commercial activity in 2012.

The City’s Industrial Precinct has tailor-made solutions for maritime industrial, commercial and trading companies and offers facilities such as large and small workshops, warehouses, ship repair plots, shops and canteens. Over 55 local and international organizations involved in the maritime sector and hospitality services have set up base here.
“We have changed the concept of business and development plans for the city to re-engineer a model of an active futuristic city. There has been large scale interest in the Dubai Maritime City, because of its’ proximity to the trading and commercial hub within the Emirate of Dubai. The City is ideally located at an exceedingly busy trading route and provides innumerable opportunities for business and trade. The region has survived the economic shocks that are rattling countries elsewhere and is widely known for its’ resilience and ability to overcome adversities due to strong business and economic fundamentals. This is the primary reason that there has been an ever-growing list of local and international companies lining up to set up base at the City. We have had a growing number of ship owners who are faithfully utilizing the state-of-the-art infrastructure and facilities that are on offer,” said Khamis Juma Buamim, Chairman of Drydocks World and Maritime World.
Among the workshops, warehouses and plots available on lease, 85 percent of Phase 1 and 2 has already been occupied over the first half of last year despite adverse global market conditions. There are over 18 potential local and international clients who have expressed a keen interest in the varied properties and this number is growing rapidly in keeping with infrastructure and technical services development at DMC. Nearly 75 percent of the investors are expected to begin construction by 2013. An academic facility and a healthcare facility are being negotiated with international investors.  
The Industrial Precinct, which has ship-lifts of capacity 3000 and 6000 tonnes respectively, saw 214 ship lift operations until the end of May 2012 and 380 berthing activities. The year also saw several high value repairs such as L81, L82, PB1, Farica, Tug Tanajib, Dulcinea, My Dubawi, Delfina and Abqaiq for major repeat clients such as the UAE Navy, Van Oord, Saudi Aramco and Pacific Basin.
Jadaf Dubai, the sister facility catering to small and mid-size vessel owners also saw brisk activity and recorded a total of 638 operations.  
Government agencies such as Dubai Electricity and Water Authority (DEWA) and the Roads and Transport Authority (RTA) are fully supportive and are actively involved in the development of services around the city. Allotment of premises has been authorized by the Real Estate Regulatory Agency (RERA) the body that regulates and authorizes the real estate sector in Dubai. An Agreement between DU telecom Services and DMC for service provision within the City is under review and is expected to be implemented shortly.

 

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Danos Fabrication Facility Creates 150 Jobs

Danos, a family owned oil and gas service company, announced plans to expand its fabrication capabilities, by opening a 120,000 square-foot fabrication facility in Amelia, La.

US’ Largest Floating Drydock Heads to Portland

The country’s largest floating drydock, the Vigorous, is headed for Portland this weekend. The drydock, a piece of equipment used to lift vessels as large as cruise ships out of the water,

Transocean Fleet Update Summary

Transocean Ltd. today issued a monthly fleet update summary which includes new contracts, changes to existing contracts and changes in estimated planned out-of-service

Shipbuilding

US’ Largest Floating Drydock Heads to Portland

The country’s largest floating drydock, the Vigorous, is headed for Portland this weekend. The drydock, a piece of equipment used to lift vessels as large as cruise ships out of the water,

Country’s Largest Floating Drydock Coming to Portland

The country’s largest floating drydock, the Vigorous, is headed for Portland this weekend. The drydock, a piece of equipment used to lift vessels as large as cruise ships out of the water,

Ecuador Coastguard Orders Damen Patrol Boats

Damen announced it has recently signed a contract with AstillerosNavalesEcuatorianos (Astinave) to construct two Damen Stan Patrols (Spa) 5009 for the Ecuadorian Coastguard.

Ports

Port Metro Vancouver Approves $15m Coal Transfer Project

Port Metro Vancouver, Canada's largest port, said on Thursday it has approved a new facility to transfer coal from trains onto barges at Fraser Surrey Docks, a

Evergreen Line Makes Maiden Call to Boston

Evergreen Line’s ItalLunare celebrated its maiden call to the Port of Boston with an official first call and plaque presentation on Wednesday, the Massachusetts Port Authority (Massport) announced.

Second Tanker Waits to Load Oil at Libya's Reopened Port

A second tanker is waiting to load oil at Libya's Es Sider port, state-run National Oil Corp (NOC) said on Thursday, as the country's biggest crude export terminal

News

Banking on US Shale Gas Boom, Asia Petrochemical Firms Switch to LPG

Asia petrochemicals firms are building tanks and retooling plants to store and process liquefied petroleum gas imported from the United States, counting on a flood

Danos Fabrication Facility Creates 150 Jobs

Danos, a family owned oil and gas service company, announced plans to expand its fabrication capabilities, by opening a 120,000 square-foot fabrication facility in Amelia, La.

US’ Largest Floating Drydock Heads to Portland

The country’s largest floating drydock, the Vigorous, is headed for Portland this weekend. The drydock, a piece of equipment used to lift vessels as large as cruise ships out of the water,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.4136 sec (2 req/sec)