Dubai Becomes Best Maritime Capital In the Arab World In 2024

66

Dubai has showcased its prominence as a worldwide maritime centre, achieving the highest ranking in the Arab world and securing the eleventh position worldwide in the 2024 Leading Maritime Cities (abbreviated LMC) report.

Advancements of two places

This marks the advancement of two places from the earlier ranking in 2022. The report, revealed in Singapore by Menon Economics and DNV, acknowledges Dubai’s substantial contributions to the broader maritime sector.

The LMC report for the current year attributes Dubai’s enhanced ranking to its performance across five critical areas: maritime technology, shipping centres, ports, logistics, and competitiveness, including legal and financial aspects.

The leadership of Sheikh Mohammed bin Rashid Al Maktoum and the support from Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum were also acknowledged as crucial to Dubai’s victories.

Bin Sulayem stressed the role of strategic plans and initiatives led by the DMA in boosting the maritime sector’s competitiveness.

He stressed the importance of following and maintaining safety standards, environmental practices, and regulations to strengthen Dubai’s leadership position.

Dubai’s attractiveness 

The achievements in the LMC index underscore Dubai’s economic attractiveness and its role as a stable economic hub with strengths in financial, security, technology, and green tech.

Besides its LMC ranking, Dubai leads Arab maritime capitals, reflecting its innovative initiatives intended to enhance its worldwide standing in this crucial sector.

Did you Subscribe to our daily newsletter?

It’s Free! Click here to Subscribe

Source : Marine Insight