Sheikh Mohammed Bin Rashid Al Maktoum News

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of the global port operator DP World, rang the market-opening bell at Nasdaq Dubai to mark the listings of two sukuks (Arabic name for financial certificates) and two conventional bonds worth $2.3 billion.DP World will use the capital raised for debt refinancing and to fund growth opportunities.The listings, carried out during 2019, comprise two Sukuk of one billion US dollars and 500 million US dollars, and two conventional bonds of 500 million US dollars and 300 million US dollars.Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “Our debt issuances this year were well received in the market by a wide variety of investors in the region and around the world…

The Dubai Electricity and Water Authority (DEWA) has issued a request for proposal (RFP) to appoint consultants to study, develop and construct floating solar photovoltaic plants in the Arabian Gulf."This is a new and innovative initiative by DEWA to use solar power that supports the objectives of the Dubai Clean Energy Strategy 2050 (DCES 2050) to diversify the energy mix in Dubai, to make the Emirate a global hub for clean energy and green economy, and provide 75% of Dubai's total power output from clean energy by 2050," said a press release from the authority.The consultancy services include a feasibility study, the technical requirements for a floating solar photovoltaic plant…

Dubai-based port operator DP World has partnered with Sir Richard Branson’s Virgin Hyperloop One to create a new venture that aims to provide hyperloop-enabled cargo systems.DP World and the U.S.-based Virgin Hyperloop One introduced their vision for “the future of on-demand freight transportation” at an event on April 29 at the historic vessel Queen Elizabeth 2.The joint venture, called DP World Cargospeed, will set out to be the world’s first to ship cargo with hyperloop technology.

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, has met senior  executives from India’s Tata Group to explore opportunities for cooperation, knowledge sharing and best practice. Discussions covered logistics and supply chain operations, innovative customer care and creating high quality, sustainable services. The meeting was attended by Ahmed Al Haddad, Chief Operating Officer, Jafza, and Mahmood Al Bastaki, CEO, Dubai Trade. Bin Sulayem outlined DP World’s operations across 40 countries, and its role in enabling trade across the global supply chain by providing industry-leading services, including the Jebel Ali model of integrated port and free zone, which is now gaining popularity around the world.

The United Arab Emirates (UAE) has now become the first Arab country to win Category B membership into the International Maritime Organization (IMO) Council. The win was the triumphant result of an election that included nominees from 11 leading countries in the international marine trade sector such as Germany, Sweden, Netherlands, Brazil, Argentina, France and Australia. declaration was made during the 30th General Assembly meeting, amid international praise for the UAE's competitive advantages that has enabled the country to play a pivotal role in promoting the international maritime system and driving the growth of international maritime trade. Dr.

Global trade enabler DP World has been signed on as a founding partner of Area 2071, an innovative ecosystem initiative designed to shape the future of the UAE and position it as the best nation in the world, which is central to achieving the UAE Centennial 2071 Plan. In the presence of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, at a signing ceremony at Emirates Towers, DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, committed the company’s support to the future-focused initiative. Area 2071 will be an important vehicle in realising the five-decade, nation-wide plan by focussing on its four main tenets: education, economy, government development, and community cohesion.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem has met Argentinian President, Mauricio Macri in Beunos Aires to discuss cooperation in the ports and cruise terminals sector. The meeting was attended by the Argentinian transport cabinet including Minister of Transport, Guillermo Dietrich; President of the Port Authority, Gonzalo Mortola; Under Secretary of Waterways, Jorge Metz; Advisor for Foreign Investments, Horacio Reyser and the Under Secretary of Foreign Investments, Marcelo Lucco. A high-profile delegation from DP World included Jamal Bin Thaniah, Vice Chairman; Matt Leech, Senior Vice President and Managing Director, DP World Americas Region and Gustavo Figuerola, General Manager, DP World Buenos Aires.

DP World has announced plans to build a new marina for luxury yachts at Port Rashid in Dubai. The project comes in response to an increased demand for luxury yachts. Tenders for construction will be invited soon. The first phase of the project is scheduled to open by 2018, with a capacity of more than 400 boats and sailing yachts with lengths in the range of 15 to 35 metres. The second phase will be for luxury yachts berth with length of more than 100 metres. Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs and Free Zone Corporation and Chairman of the Dubai Ports World, said, "The corporation will develop Port Rashid Marina as an integral part of its commitment to supporting the diversification of the economy of the UAE…

The Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, has committed its full support for the Dubai Maritime Club, a not-for-profit initiative aimed at nurturing a dynamic network of maritime professionals. Launched in collaboration with DMCC (Dubai Multi Commodities Centre), the authority on trade, enterprise and commodities in Dubai, the Club will facilitate regular meetings for members irrespective of the location of their activity…

DP World today announces that, after 23 years with the Group and 11 successful years as Group CEO, Mohammed Sharaf has retired from DP World Group, effective today, to pursue other opportunities. The Board has commenced a process to identify a permanent successor. Pending that appointment, the Chairman of the Company will carry out the Group CEO’s duties and functions on an interim basis. Mohammed Sharaf, said: “I would like to thank His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Prime Minister, Vice President of the UAE and Ruler of Dubai, Sultan bin Sulayem, Chairman of DP World and the DP World Group for giving me the opportunity to be part of the success story of DP World.

Global marine terminal operator DP World’s flagship Jebel Ali Port has demonstrated once again that it delivers the world’s best productivity for ships berthed at its docks. According the latest JOC Port Productivity data, compiled by industry analysts Journal of Commerce, Jebel Ali recorded a world-leading 131 moves per ship per hour in 2014, up 10 percent from 119 in 2013. The ranking is based on JOC’s analysis of more than 125,000 port calls in 2014 that placed Jebel Ali form the UAE and six ports from China in the Global Top 10 for the year.

DP World’s flagship Jebel Ali Port has been recognized for excellence in container terminal operations at the first ever Navis Inspire Awards 2015. HE Sultan Ahmad Bin Sulayem, Chairman of DP World said the industry prize underlined the global marine terminal operator’s customer centric approach, innovation, process excellence and commitment of its employees. Bin Sulayem’s comments were made in a special event held in Dubai to celebrate the award and to congratulate DP World’s UAE Region team for the achievement.

Drydocks World group the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors has received the Dubai Chamber Corporate Social Responsibility Label in recognition of their efforts and contribution to excellence in various areas of social responsibility. This award honors Drydocks World’s integrated approach that incorporates economic, environmental, and societal imperatives to create a thriving workplace and community. The organization applies international best practices in the provision of health and safety, as well as providing charitable support to help the less fortunate in the region and the world. Drydocks World has covered diversified areas in social responsibility, including workplace, marketplace, community and environment.

consecutive year, at the prestigious World Travel Awards 2014. As the opening of the ultra-modern third cruise terminal was inaugurated by its namesake, His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, over 300 top decision makers in global travel and tourism were gathering at the 21st World Travel Awards celebration hosted in Anguilla. Mina Rashid, now home to the “Hamdan Bin Mohammed Cruise Terminal”, the world’s largest single cruise facility, has been voted the World’s Leading Cruise Port, winning against some of the finest cruise port operators from around the globe, including Jamaica, Rio de Janeiro, South Africa, Mexico, Seychelles, USA, Portugal and Singapore.

HH Sheikh Ahmad bin Saeed Al Maktoum received The Maritime Standard Special “Maritime Visionary Award” in recognition of his exceptional foresight in supporting and revitalizing the UAE’s maritime sector in his role as Chairman of Dubai World. The award was presented on November 6th 2014 at the Atlantis, The Palm Jumeirah, at a glittering ceremony where leaders representing all facets of the industry from the Middle East & Indian subcontinent were present to honour HH & recognize his exception contribution. Over 600 guests joined the function to honour HH Sheikh Ahmed bin Saeed at The Maritime Standards Award where PR guru, journalist and writer Alistair Campbell was Master of Ceremonies & led the accolades accorded to HH.

ABB, the leading power and automation technology group, has won an order worth around $55 million from Dubai Electricity & Water Authority (DEWA), the leading power utility in United Arab Emirates (UAE), to build a substation that will integrate power from the Mohammed bin Rashid Al Maktoum solar park. The order was awarded in the third quarter of 2014. The gas-insulated switchgear (GIS) substation will enhance transmission capacity, boost power supplies and strengthen the reliability of the grid. The 100 megawatt (MW) Phase II of the solar power plant in Seih Al Dahal, about 50 kilometers (km) south of Dubai, is scheduled to commence generation in 2017. The solar park is one of the biggest renewable energy projects in the Middle East and North Africa.

Drydocks World and Dubai Maritime City (DMC)  is supporting the "Green Economy for Sustainable Development" initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of UAE and Ruler of Dubai. As part of this initiative, the company has entered into Memoranda of Understanding with Wartsila and Dubai Carbon Centre of Excellence for building the world’s first LNG powered harbor tug. This project launched under the trade mark “Elemarateyah” is part of the Dubai Maritime Green Initiative…

Drydocks World and Dubai Maritime City (DMC), the leading provider of services to the shipping, maritime, oil, gas & energy sector is supporting the "Green Economy for Sustainable Development" initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of UAE and Ruler of Dubai. As part of this initiative, the company has entered into Memoranda of Understanding with Wartsila and Dubai Carbon Centre of Excellence for building the world’s first LNG powered harbor tug. The project launched under the trade mark “Elemarateyah” is part of the Dubai Maritime Green Initiative, a strategic movement to encourage all-round environmental excellence in maritime and allied sectors including oil, gas and energy.

Global marine terminal operator DP World today announced that its new Container Terminal 3 at its flagship Jebel Ali Port is making good progress with the arrival of 5 new quay cranes and half of its 19 automated cranes being tested before the start of initial operations in the next few weeks. The 4 million TEU (twenty foot equivalent container units) capacity of Terminal 3, makes it the world’s largest semi-automated facility once fully operational. Terminal 3 has seen a number of developments since its inauguration by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in January.

Dubai Maritime City's team led by Chairman of Drydocks World & Maritime World, to participate in the UAE-Korea Economic Partnership Forum 2013. The event is supported by the UAE Ministry of Foreign Affairs, UAE Ministry of Foreign Trade, Federation of UAE Chambers of Commerce and Industry, Dubai Department of Economic Department, Foreign Direct Investment. The forum, from May 27-28, 2013 in Seoul, Korea, is being held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, supported by the UAE Ministry of Foreign Affairs, UAE Ministry of Foreign Trade, Federation of UAE Chambers of Commerce and Industry, Dubai Department of Economic Department, Foreign Direct Investment.

The year 2013 has been designated as the Year of Nationalization by HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. In keeping with the theme that has been laid out by our wise leadership, Drydocks World and Maritime World, an international marine and maritime services provider has put in place a number of initiatives to implement this vision. All of these initiatives which are in place in all business units of DDWMW including at Jadaf, Platinum Yachts abd Dubai Maritime City are geared towards bringing qualified and competent nationals into the organization, identifying competent nationals within the existing workforce and putting in place plans to provide growth opportunities for nationals.

Move aimed at promoting role integration in driving maritime sector development. Dubai Maritime City Authority (DMCA) recently held a joint meeting with officials from the Directorate General of Civil Defence – Dubai to discuss the latest developments in implementing the Dubai Maritime Sector Strategy (MSS) which is the first step aimed at achieving a radical change across the local maritime industry and ultimately positioning Dubai as a leading international maritime hub. The…

DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility. The ‘APL Phoenix’ was welcomed by DP World Chairman, His Excellency Sultan Ahmed Bin Sulayem, Vice Chairman HE Jamal Majid Bin Thaniah, Group CEO Mohammed Sharaf, Senior Vice President and Managing Director, UAE Region, Mohammed Al Muallem, and Prabhu G.K.N., Head of Operations and Network Management, Middle East and Africa Region at APL, and Capt Moses Dogbeda Kodzitse, Master of APL Phoenix, together with senior representatives of other DP World customers.