DP World to buy Dubai Maritime City, Drydocks World
DP World said on Monday that it had entered into a deal to buy two other Dubai state-owned maritime companies for a total of $405 million. The Dubai-based ports operator will acquire Maritime World, the 100 percent owner of Dubai Maritime City, for a purchase consideration of $180 million, and 100 percent of Drydocks World by means of a capital injection of $225 million. Both deals are expected to close before the end of the first quarter of 2018, it said. Reporting By Tom Arnold
Dubai Maritime City Signs Land Lease With Dubai Shipbuilding
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.
Dubai Maritime Week
Dubai Maritime City Authority has announced that it will organize the ‘Dubai Maritime Week’ starting from 2010, as part of a series of initiatives designed to support the development of the UAE and region’s maritime sector. The region’s first-of-its-kind event will be co-organized by Dubai World Trade Centre, one of the largest exhibition organizers in the Middle East and owner of Dubai International Boat Show, the region’s largest and most prestigious boating event. The “Dubai Maritime Week” will include seminars…
Drydocks World, Maritime World Host French Trade Delegation
Drydocks World & Maritime World, a service providers to the maritime and oil and gas sectors, announced that they hosted a delegation of representatives of French companies from Brittany under the aegis of the French Trade Commission Ubifrance of the French Embassy in UAE. The delegation comprised of 28 decision-makers of French companies and representatives of Ubifrance. They met Khamis Juma Buamim, Chairman of Drydocks World and Maritime World and exchanged views on bilateral…
Dubai Maritime City Land Development
DAMAC Properties continues its investment programme with plans to develop prime real estate in Dubai Maritime City. DAMAC’s plot of land on the sea-front at Dubai Maritime City will be home to a high-rise luxury tower of serviced hotel residences and further expands the company’s project portfolio in the Emirate. Dubai Maritime City is strategically located north of the main city centre and creek area business district, between Port Rashid and Dubai Dry Docks. The site is connected by a causeway to the wider road network…
Dubai Maritime City To Develop “The Dolphin Residence”
Dubai Maritime City (DMC), the world class maritime cluster in the heart of Dubai, today announced its partnership jointly with Sharaf Investments and Al Ali Property Investment (API) to develop “The Dolphin Residence” within the City, into a high-end iconic Freehold mixed use development complete with offices, private residences, a four star hotel, shopping mall, mosque, parking lot and leisure facilities. The partnership deal was signed by Khamis Juma Buamim, Chairman, Dubai Maritime City and Mr. Sharafuddin Sharaf, Vice Chairman of Sharaf Investments & Mr.
Dubai Maritime City Progresses
Dubai Maritime City, the world’s first purpose-built maritime centre and part of the Dubai World Group of companies, continues to achieve major development milestones and confidently progresses towards its 2012 completion date. Infrastructure for the Industrial Precinct of the unique maritime development is set to continue significantly during 2009 making it fully operational ahead of schedule with 85 per cent of the work complete. Groundwork for the Commercial Precinct is at 65 per cent, while roadwork is in the final stages.
Work Continues at Dubai Maritime City
According to reports, Dubai Maritime City has announced the launch of manufacturing process of new shiplifts of Jadaf Dubai -- one of the oldest ship repair yard in the Arabian Gulf - which is currently located at Dubai Creek. The shift of Jadaf Dubai to Dubai Maritime City reflects the distinction of the Maritime City as a prestigious location and is expected to provide a major impetus to regional maritime trade. The relocation will also facilitate a number of companies operational at Jadaf Dubai to expand their operations. With its direct access to sea, vessels calling at Dubai Maritime City will not be limited by size, as is the case at Al Jadaf Dubai's current location where vessels are restricted because of bridge crossings.
DMC Partners to Develop "The Dolphin Residence"
Dubai Maritime City (DMC) announced its partnership jointly with Sharaf Investments and Al Ali Property Investment (API) to develop “The Dolphin Residence” within the City, into a high-end Freehold mixed use development complete with offices, private residences, a four star hotel, shopping mall, mosque, parking lot and leisure facilities. The partnership deal was signed by Khamis Juma Buamim, Chairman, Dubai Maritime City; Sharafuddin Sharaf, Vice Chairman of Sharaf Investments and Mohammed Abdulrahim Al Ali, Chairman of the Board Al Ali Property Investment (API).
Dubai Maritime Receives Shiplift Platform
Dubai Maritime City has placed the first shiplift within its Industrial Precinct. Industrial Precinct of the City will incorporate two shiplifts manufactured by world-renowned shiplift specialist company, Hydraudyne Rexroth, said an official. One of the shiplifts will be 90 m long and 25 m wide and designed to lift vessels up to 3,000 tonnes while the other will be 140 m long and 30 m wide and designed to lift boats of up to 6,000 tonnes. Both the shiplifts will be capable of 14 m vertical travel and the platforms and vessels shall be raised and lowered by a series of winches and steel ropes along the length of the shiplifts. Dubai Maritime City is going full steam ahead with setting up the new shiplift facilities, which will be commissioned by March 2007.
DMCC, DMCA to Promote Dubai’s Maritime Sector
DMCC has signed a Memorandum of Understanding (‘MoU’) with the Dubai Maritime City Authority to help promote Dubai to the maritime sector as a global destination for companies wanting to set up and expand into the GCC and MENA region. The MoU provides a collaborative framework for DMCC Free Zone and Dubai Maritime City Authority to work toward this goal, and will also jointly explore the development and implementation of m-Government initiatives relevant to the maritime sector in Dubai in accordance with the Dubai Smart Government initiative.
DMCA's Pact with TRAKHEES
Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, has signed a strategic service-level agreement (SLA) with Trakhees, a regulatory arm of the Ports, Customs and Free Zone in Dubai, UAE, for sustainable development of the maritime city. Under the terms of the agreement, Trakhees will process all types of permits and approvals along with ancillary activities for all civil engineering and environment…
Dubai Maritime City & Arab Sea Ports MOU
Dubai Maritime City Authority recently held a meeting in Cairo with the Arab Sea Ports Federation (ASPF) to activate the memorandum of understanding signed by both parties earlier this year, which aims at identifying and capitalizing on joint opportunities for cooperation and mutual growth between the two parties. One of the most important steps approved during the meeting was the establishment of a mechanism that ensures full capitalization by ASPF of Emirates International Maritime Academy’s offering…
Gulf Craft to Invest, Join Dubai Maritime Council
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.
Dubai Maritime City Training Program
Dubai Maritime City (DMC) has announced the launch of an internal training program for its employees. “Ta’aleem Mutabadal,” which translates into “shared learning,” is the first of its kind and aims at enhancing employees’ skills and knowledge by utilizing the company’s different internal experts. The program features a variety of topics related to both the employees’ professional and personal knowledge. Ali Al Daboos, Chief Operating Officer, Dubai Maritime City, spoke about…
DMCA and Civil Defence Discuss Dubai Maritime Strategy
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…
Dubai Maritime City Authority Spearheads Effort to Establish UAE Bunker Standard
DMCA focuses on key issues covering safety, environmental sustainability and dispute resolution in bunkering industry. Dubai Maritime City Authority (DMCA), the government entity in-charge of regulating and supervising all aspects of the maritime sector in Dubai, has announced that it is leading a new initiative that seeks to establish a professional bunkering standard in the UAE. DMCA has further revealed that it has gathered key stakeholders in the UAE bunkering industry, including maritime bunker regulatory licensing bodies…
Dubai Marine Craft Operators Now Need License
Dubai Maritime City Authority (DMCA) begins issuing marine driver’s license in Dubai to boost maritime safety and efficiency on local shores. The recent decision is in line with DMCA’s ongoing drive to develop a well-defined regulatory framework aimed at regulating, developing and promoting the maritime industry, complementing the Maritime Sector Strategy to strengthen Dubai’s leading position as a top international maritime destination. The application of the new resolution requires licensing for crew on personal, business, sports, tourism and recreational marine craft, including small and large-sized leisure craft, commercial marine vessels and traditional wooden dhows.
Clarksons Platou's Inaugural Seminar at DMCA’s Dubai Maritime Week
The Dubai Maritime City Authority (DMCA) is set to facilitate a first-of-its-kind seminar dedicated to Middle East shipping and offshore activities. The event will be conducted by Clarksons Platou, a global leader in maritime brokerage and investment banking, as part of Dubai Maritime Week 2016 – the third edition of the region’s first comprehensive maritime event organized by the Authority, which will run from October 30 to November 3. The seminar is expected to attract several prominent regional and international industry figures and further reinforce Dubai’s growing popularity as a hub for major maritime events. Clarksons Platou’s inaugural ‘Middle East Shipping & Offshore Seminar’ will be held at the Dubai World Trade Centre on Monday October 31, 2016.
DMCA Seeks Best Safety Practices
Dubai Maritime City Authority meets jet ski operators to discuss ways of improving maritime safety in line with best practices. As part of the continuous cooperation between various public and private sector entities in Dubai, Dubai Maritime City Authority (DMCA), the government entity in-charge of regulating and supervising all aspects of the maritime sector in Dubai, recently met several jet ski companies and agencies in Dubai. This initiative reflects DMCA’s keenness to implement best practices and get a comprehensive understanding of the requirements of the private sector…
Dubai Maritime City Launch Sustainability Program
Dubai Maritime City has launched a strategic initiative to focus on the sustainable future of the Emirate’s maritime industry in cooperation with Dubai Supreme Council of Energy. Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of the maritime sector in Dubai, has announced that it has initiated the Dubai Maritime Sustainability Program (MSP) in collaboration with the Dubai Supreme Council of Energy and DP World.
Dubai Maritime City Authority Launches UAE-German Maritime Majlis
Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of the maritime sector in Dubai, has announced the establishment of the UAE-German Maritime Majlis in cooperation with the German Emirati Joint Council for Industry & Commerce (AHK), during a special Business Dinner hosted by DMCA in Dubai under the patronage and in the presence of His Excellency Dr. Abdulla Belhaif Al Nuaimi, Minister of Public Works & Chairman of the National Transport Authority. The dinner gathering was attended by H.E.
Gulf Craft to Invest $100m in Dubai Shipyard
Dubai Maritime City (DMC), a maritime cluster in Dubai, today announced an agreement with Gulf Craft to invest in a free hold plot located within the marine district of DMC, on an area of approximately 900,000 square feet. According to DMC, Gulf Craft plans to make a $100 million investment in developing this facility over the next five years. It will include a state-of-the-art shipyard to manufacture high-end luxury yachts as well as a service center incorporating cutting-edge, highly specialized technology for the yacht industry.