Dubai Maritime City Development Gains Momentum

Press Release
Monday, December 10, 2012
Dubai Maritime City Development Sign-up: Photo credit Maritime World Dubai

Dubai Maritime City infrastructure development speeds up as 35 percent companies agree to begin immediate plot development.

Maritime World, the umbrella body constituting Dubai Maritime City (DMC) and other maritime entities, announce that the development of the Business District of Dubai Maritime City, the global Marine and Maritime Clusters in this region, had received an emphatic boost as 35 percent of developers signed-off and agreed this week to begin immediate development of their plots. Another 40 percent of companies will sign contracts during the coming week.

The properties, constituting a substantial portion of the Business District, are multi-purpose mixed-use developments and work will be initiated within 90 days from signing the contract in the first phase of the City. The recently opened Maritime Business Centre is also a subject of keen interest and companies are already establishing their offices within the Centre. A dedicated office has been set up at the Centre to assist prospective investors and offer all support to ensure smooth registration.
   
Speaking on the consistent confidence in the City’s merits expressed by the international business and trade community, Khamis Juma Buamim, Chairman of Drydocks World and Maritime World said, “We are delighted that we are able to deliver as promised, due to the sustained faith from the business community in the credibility and huge prospective advantages of the re-engineered and well-conceived and planned City, which is well on its way to becoming an iconic development on the maritime trade and business scenario. We have committed ourselves to resolve all issues of the past and I can confirm that the City is back on track to make a definitive impact as a unique setting for future growth and progress in all relevant areas of maritime and offshore related activity. We have overcome the side-effects of global recessionary forces, and have reinvigorated our efforts as per the diktats of a resilient and buoyant market. We also encourage all those who are interested to join in as soon as possible so as not to miss the opportunity, as the time is ripe for investment.”      



 

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

Contracts

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Source: Siemens Offering $6.1 bln for Dresser Rand

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

Transas Simulators Boosts Western Shipping Training Center

Transas Marine Pacific has successfully completed the upgrade of a simulator complex for Western Shipping Pte. Ltd. training center. The simulator class was

Ports

Antwerp Port Seeks Inputs on Setting-up LNG bunkering

By the beginning of 2016 the port of Antwerp will have an LNG bunkering and filling station for barges. The procedure for construction of the station is currently under way.

FPSO Petrojarl Knarr Delivered to Norway

Three tugs of Fairmount Marine have towed the brand new FPSO Petrojarl Knarr from South Korea to Norway in just 61 days. Petrojarl Knarr, one of world’s largest

South Carolina Ports Container Volume Up by 13%

SC Ports Authority reported container volumes up 13 percent fiscal year to date, a strong start to the first two months of the fiscal calendar. The SCPA handled 163,

Middle East

Oil Edges Below $99 but Supply Risks in Focus

Oil traded slightly lower below $99 a barrel on Thursday, pressured by ample supply and concern over the weakening of demand growth in major consumer nations, as well as a rise in the U.

World’s Largest Fast Crew Boat Christened at Incat

The 70-meter Fast Crew Boat (FCB) was christened Muslim Magomayev at a ceremony at the Incat shipyard on Monday, September 15. This is the first vessel that

Mideast Crude Tanker Rates Near 3-month Low

Crude oil tanker earnings on the major Middle East route fell to their lowest in nearly three months as a slowdown in business in recent days battered rate sentiment.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
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: 0.3168 sec (3 req/sec)