According to an official report released by Menon, Dubai is set to rank seventh place among the leading maritime centres over the next five years and is now looking to secure its position as a key shipping hub, according to the American Journal of Transportation.
The report also discovered that the Emirate was ranked fifth overall for port and logistics services, whilst the regionally-based global port operator DP World is the fourth largest operator in the world.
Speaking of the results, Sultan Bin Sulayem, Chairman of Dubai Ports, Customs and Free Zone Corporation and President of the Dubai Maritime City Authority, said: “As the results of the report show, we are particularly adept at providing world-class port and logistics services, and will continue to further reinforce our capabilities and resources in this area. We will also aim for excellence in other key indicators such as shipping services, maritime legal expertise, maritime insurance, and competitiveness and attractiveness.
“For our part, DMCA will continue to push for more infrastructure investments, introduce impactful policies and regulations, and hone more local expertise to expedite Dubai’s transformation into one of the world’s leading maritime hubs.”
Various countries in the Middle East are currently expanding on their port and terminal infrastructure in a bid to keep pace with booming business.
DP World is currently working on a new business venture that will see it launching a new terminal operator called P&O Ports to bolster its global presence.