Dubai Maritime City Development Gains Momentum
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.”