Dubai signs Maritime Cluster MoUs with Hamburg and Vancouver

Dubai Maritime Cluster Office (DMCO) of Dubai Maritime City Authority (DMCA) has signed Memorandums of Understandings (MoUs) with Germany’s Maritimes Cluster Norddeutschland and Canada’s Vancouver International Maritime Cluster.

News ID: 76714

Date: 12 October 2017 - 14:44

The MoUs were signed on the sidelines of the Dubai Maritime Agenda 2017 and aied to support efforts of Dubai and the entire UAE to position itself as attractive destinations for regional and global shipowners, port operators and maritime investors, MANA correspondent reported.

“We confidently look forward to the influence of these new partnerships on the development of an integrated framework and a clear roadmap for promoting investment opportunities available in the maritime clusters of Dubai, Hamburg and Vancouver,” Sultan Ahmed Bin Sulayem, chairman of the Ports, Customs & Free Zone Corporation in Dubai and chairman of DMCA.

“It will also enable maritime industry leaders to contribute more to exploring the future of a global maritime sector empowered by innovation and technology as key pillars for developing marine clusters in line with accelerating changes in the global maritime sector.”

Amer Ali, executive director of DMCA said, “ International cooperation represents an advanced step towards attracting new investments with the potential to further increase the contributions of the maritime sector to the GDP of the Emirate of Dubai which currently stands at 7%, equivalent to AED26.9bn ($7.32bn).