Dubai - Dubai Maritime City, the center for maritime activity in the Middle East region, announced today that it has signed a Land Lease agreement for 25 years with ship repair and building entity, Dubai Shipbuilding. The Agreement was signed by Sheikh Juma bin Thani bin Juma Al Maktoum, Executive Director – Business District, Dubai Maritime City, and Bader Moh’d Obaid bin Mubarak, Deputy Chairman, Dubai Ship Building. The area of the land is over 11,196 sq. m. and is a Ship Repair Plot within the Business District of Dubai Maritime City.
“We continue to strengthen our operations in Dubai Maritime City, since the formal launch of the Maritime District last year. This partnership will help us take greater strides in promoting the region as a global maritime hub. We are keen to promote local and international players within the City, which will be a unique meeting point, offering wide-ranging choices for the industry,” said Khamis Juma Buamim, Chairman of Drydocks World and Maritime World.