Dubai Maritime City’s Business District Launched
H.H. Sheikh Ahmed receives Golden Anchor to commemorate Dubai Maritime City’s Business District launch. Commercial development of the City to be completed by 2014.
Dubai Maritime City (DMC), the world class facility for furthering maritime business, has posted revenues worth USD 25 million in 2011 and this is expected to expand further by 15 percent during 2012. The Business District of the multi-purpose mixed-use facility was opened recently at a Grand Ceremony organised under the patronage of H.H. Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai World, who received the commemorative Gold Anchor from Khamis Juma Buamim, Chairman of Drydocks World and Maritime World.
The DMC development strategy meeting was held on July 2010 by the Supreme Committee chaired by His Highness Sheikh Ahmed bin Saeed Al Maktoum and provided a clear strategy and vision to the progressive development of the iconic City. The strategy is divided into three phases; Phase I involves operating the Maritime District, which was launched in March 2011; Phase II comprises of construction of additional infrastructure and building capacity based on growth; Phase III strives to complete all commercial aspects by year 2014.
The City supports a unique business model wherein specialized businesses of marine and related fields of activity are located adjacent to each other and in a symbiotic relationship. The services on offer will be diverse ranging from a society for naval pilots in the region, repair and build ships of all sizes, marine spare parts, financial services such as marine insurance and investment, specialized legal and ship registration services. In addition, the guidelines of the International Maritime Organisation in terms of maritime security, safety and environment protection will be observed and propagated.