The Dubai Maritime City Authority (DMCA) is gearing up to take part as the corporate sponsor in the 12th Marine Money Gulf Ship Forum to showcase the latest achievements of the Dubai Maritime Sector Strategy (MSS).

 

The event, which will take place on March 6 at the Emirates Towers Hotel in Dubai, said the strategy has been highly successful in establishing robust foundations for enhancing the local maritime industry’s competitiveness and position Dubai among the most competitive maritime capitals in the world by 2020. 

 

Organized by Marine Money, the forum is attracting wide interest from industry professionals as it offers an interactive platform for promoting channels of communication between ship-owners, regional and international experts, and decision makers and leaders of the ship finance industry. 

 

It is poised to contribute to ongoing efforts to find effective solutions to improve ship finance operations which are considered major strengths of the maritime sector in Dubai and the GCC region.

 

Throughout the event, DMCA will discuss the outcomes of the maritime sector strategy, a first-of-its-kind plan in the history of Dubai aimed at making a positive change in the local maritime sector and improving the industry’s contributions to the emirate’s ambitious development efforts. 

 

The authority will be joined by an elite group of regional and international shipping experts who will debate about the latest strategic subjects in the ship industry. 

 

The event agenda will also include discussion panels titled ‘Is Shipping Being Marginalized by Macro-Economic Issues?’ ‘The New Reality of the Shipping Markets and How to Predict, Position and Survive’ and ‘International Finance to Shipping in the Gulf Region,’ among others.

 

Amer Ali, DMCA executive director, said that participating as an official sponsor in the annual Marine Money Gulf Ship Finance Forum is part of DMCA’s commitment to supporting leading regional and international events which are aimed at making a positive impact on the current and future status of the maritime sector. 

 

He pointed out that the event offers an ideal platform to shed light on Maritime Sector Strategy developments which have had an impact on improving the performance, safety, efficiency and competitiveness of the local maritime sector, in line with the vision and directives of Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

 

“The importance of the 12th Annual Gulf Ship Finance Forum lies in the fact that it primarily focuses on showcasing current and future opportunities and examining the factors affecting the growth of the marine shipping industry - one of the leading components of the international maritime cluster - especially economic growth, demand levels within regional and international markets, interest rates, oil prices, financing ability, and many more," said Ali.

 

"For our part, we look forward to introducing the maritime community to the major features of the Dubai Maritime Sector Strategy. This strategy is a cornerstone for increasing confidence among regional and international investors on the highly competitive local maritime industry. It leverages the industry’s vital aspects such as ports, ship operation and maintenance, finance, brokerage and maritime services in order to fulfil Dubai’s ambitions of ranking among the top international maritime clusters,” he added. - TradeArabia News Service