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

Wärtsilä Expects 5% Sales Growth

Wärtsilä announced its third quarter results, reporting that it sees good development in order intake and profitability. According to Wärtsilä, third quarter

MacGregor Reorganizes into 7 Operative Divisions

MacGregor, part of Cargotec, announces changes in its operative structure and starts a reorganization into seven operative divisions which will become effective on January 1, 2015.

Iridium Partners with Trimble to Support Expansion

Iridium Communications Inc. announced an agreement with Trimble that expands the company's use of satellite communications in its core Transportation and Logistics

Finance

Wärtsilä Expects 5% Sales Growth

Wärtsilä announced its third quarter results, reporting that it sees good development in order intake and profitability. According to Wärtsilä, third quarter

Yara Reports Strong 3Q Results

Yara International ASA delivered strong third-quarter results, with record fertilizer deliveries and continued margin benefit from lower European gas price. "Yara

Lerwick Port Awards £16.5 mi Expansion Contract

Lerwick Port Authority has awarded a construction contract for the latest expansion of the harbour’s facilities in a project costing a total of £16.5 million

People in the News

Total CEO Plane Crash: Russian Prosecutors Detain More Suspects

Russian prosecutors detained four Moscow airport workers and denied bail to the driver of a snow plough which hit a private jet killing the CEO of French oil company Total earlier this week,

Chief of Naval Personnel Visits Naval Special Warfare

Chief of Naval Personnel (CNP) Vice Adm. Bill Moran visited Naval Special Warfare (NSW) Sailors during an all hands call on Joint Expeditionary Base Little Creek-Fort Story, Oct.

EUCAP Nestor Train 30 Somali Coast Guards

On 21 October, the European Union’s Maritime Capacity Building Mission in the Horn of Africa and Western Indian Ocean (EUCAP Nestor) celebrated the successful completion of a two month Mentoring,

Middle East

KOTC Takes Delivery of Product Tanker Mutriba

Classification society ClassNK said it has completed work on the 31,445 GT product tanker Mutriba, built by Hyundai Mipo Dockyard Co., Ltd. (HMD) as part of a series

Gulf Craft to Invest $100m in Dubai Shipyard

Company plans to invest $100 million over the next five years in the development of a new shipyard in Dubai Maritime City to build a global luxury yachts manufacturing

Procedures for OPL Attendance at Mina Saqr

Saqr Port Authority has advised that, with effect from 16 October, new procedures will come into force for personnel attendance Off Port Limits (OPL). Documents

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.2338 sec (4 req/sec)