Gulf Craft to Invest, Join Dubai Maritime Council

Posted by George Backwell
Sunday, May 11, 2014
Principals at the meeting: Photo DMC

Dubai Maritime City (DMC) informs that superyacht builders, Gulf Craft, is to invest in Dubai Maritime City and is to join the Dubai Council for Marine and Maritime Industries.

H.E Khamis Juma Buamim, Chairman of Dubai Maritime City and the Dubai Council for Marine and Maritime industries, received H.E. Mohammed Hussein AlShaali, Chairman of Gulf Craft at the Maritime Business Centre to discuss potential cooperation between the two companies in the fields of industry, investment and development of the maritime sector.

DMC explains that the visit comes within the framework of various meetings organized by Dubai Maritime City with senior leaders in the marine sector to discuss avenues for economic & trade cooperation & to open up new markets for members & affiliates of the Dubai Council for Marine & Maritime Industries (DCMMI).

Measures were discussed on the way forward to develop & grow the yacht & boat building sector in the UAE in order to make the slogan “Made in UAE” an instantly & widely recognizable global brand. The importance of cooperation between manufacturers & service providers, regulators & funding bodies represented by the local banks & finance companies & making them aware of the benefits & advantages of the growth cycle in investments, insurance & financing in making this happen were stressed.

H.E. AlShaali stressed the importance of the visit & commented on the mutual benefits of increased investment between the two parties. The City, he said, had several industrial and economic advantages & fundamentals which allowed it to be an attractive investment option including its unique location and, excellent world-class infrastructure.

H.E. Buamim emphasized that the visit was important for forming effective and seamless network relationships with key local companies to facilitate the efficient delivery of services. He stressed on the importance of developing the marine sector & the need for increased cooperation between various parties in the sector to ensure increased & mutually beneficial outputs.

In the picture: Centre - HE Mohammed AlShaali, Chairman of Gulf Craft with HE Khamis Juma Buamim, Chairman of DMC and DCMMI

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

People & Company News

TOTE Finalizes Charter for LNG Containerships

World’s first LNG powered containerships to serve Puerto Rico TOTE, Inc. announced an agreement today between its operating companies TOTE Shipholdings Inc.

Hamburg Süd Opens Office in India

Hamburg Süd announced the opening of an office in Gandhidham, India, on October 1, 2014. It is the second branch office in the state of Gujarat. Hamburg Süd already has three offices in Mumbai,

GAC Marine Logistics Shifts Central Office to Singapore

In a move that brings it closer to key Asian markets, ship spares logistics specialist GAC Marine Logistics (GML) has relocated its head office to Singapore. The

Finance

Oil Traders Say OPEC May Be Heading for Price War

Saudi Arabia's decision to slash the official selling price for its oil has sparked trader talk of an emerging OPEC price cutting war, as members of the producer

Yara Completes Acquisition of OFD Holding

Yara International ASA has obtained relevant regulatory approvals and closed the acquisition of OFD Holding Inc. (OFD) allowing the integration process to start.

Vallianz Acquires OER Holdings for $28m

Vallianz Holdings Limited, a provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has today announced that it is acquiring OER Holdings Pte.

People in the News

Recipitents of Australian Search and Rescue Awards

Five Tasmania Police officers will be recognised for their outstanding contribution to search and rescue tonight at this year’s Australian Search and Rescue Awards in Sydney.

Holland America Line's Enticing Offers for Cruise Vacation

Holland America Line is planning special promotions for National Cruise Vacation Week (NCVW), which runs Oct. 6-13, 2014. Organized by Cruise Lines International Association,

Vallianz Acquires OER Holdings for $28m

Vallianz Holdings Limited, a provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has today announced that it is acquiring OER Holdings Pte.

Middle East

Oil Traders Say OPEC May Be Heading for Price War

Saudi Arabia's decision to slash the official selling price for its oil has sparked trader talk of an emerging OPEC price cutting war, as members of the producer

DP World Mulls Senegal Free Zone

DP World  is looking to develop a free zone in Senegal, Chairman Sultan Ahmed bin Sulayem said on Wednesday. Sulayem was speaking at an African investment event in Dubai.

Hiab's Distribution Partnership in the Middle East

Hiab, part of Cargotec, and Gavelås Förvaltning AB have signed an agreement regarding a long-term distribution partnership in the Middle East region. As a part

 
 
Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.3522 sec (3 req/sec)