Maritime sector to boost UAE’s position as global hub

1st April, 2019 09:45:38 printer

Abu Dhabi: With around $65 billion (Dh239 billion) invested in 2018 in ports across the country, the future of the UAE as a maritime hub both regionally and globally is looking immensely promising, a top official said on Sunday.

Dr. Abdullah Bin Mohammad Balheif Al Nuaimi, Minister of Infrastructure Development, said the outlook for the UAE’s maritime sector remains upbeat, with the solid fundamentals further being reinforced by continuous initiatives of the government and unwavering support of the visionary leaders, report agencies.

Al Nuaimi, also Chairman of the Federal Authority for Land and Maritime Transport, told a news conference held in Abu Dhabi, the UAE, which has a rich maritime history and considered as a strategic trade corridor serving as a link between the East and West, is now one of the most influential global maritime economies.

“With 20 international ports, many of which are among the top 10 ports in terms of advanced infrastructure in maritime transport and shipping, the UAE was ranked 14th globally in the first global survey of leading maritime nations and the country was placed fourth overall in terms of ports and logistics,” the minister said.

As the UAE is bidding for joining the 40-member executive body of the International Maritime Organisation for 2020-21, Al Nuaimi said the UAE pledges to fulfil its responsibilities to participate and add value to the IMO’s technical and legal discussions by contributing to proposals concerning the strengthening of safety and security regulations, while preventing marine pollution from ships and maintaining a clean and safe shipping world.

The UAE is responsible for more than 15 million 20-foot equivalent units (TEUs) a year. These numbers are steady increasing as trade and maritime transport in the UAE seeks to meet the needs of about two billion people in China, India and the GCC as well as Russia and Eastern Europe.