?Towards an innovative Maritime Cluster in The UAE & Building a Global Strength & Investing in the Maritime Industry?
Dubai ? United Arab Emirates, 17th of November, 2015: The Dubai Council for Marine and Maritime Industries, emirates the industry body representing the offshore and maritime industry and relevant services in cooperation with the committee of Offshore Arabia 2016 Conference and Exhibition held its higher committee meeting at Sheikh Mohammed Bin Rashid Academic City. The meeting discussed and brainstormed the Challenges, Solutions & Opportunities in the industry.
The members stressed on the importance of a new legal framework and broad strategy for the offshore and marine industry and expressed their satisfaction with the Council?s role in building future outlook and initiating discussion on the pressing industry issues and the importance of meaningful networking among industry partners.
The meeting was attended by top senior representatives of a wide cross-section of the industry who re-asserted their commitment to the Council?s priorities and its role in promoting overall industry excellence, encourage investment and promotion of future talents.
HE Khamis Juma Buamim chaired the Higher Committee brainstorming session and presented to the council senior members an overall outlook of the industry; he referred to HH sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the United Arab Emirates and Ruler of Dubai, recent statements with regard to the global & regional economic situation and its potentials and his highness ?directives on the importance of innovation and the creation of right opportunities for our businesses.
HE Buamim stated that ?The global maritime industry is the backbone of globalization and international trade, contributing to human wellbeing through growth and development all around the world. Still there is great potential to increase the role and positive impact of the maritime industry.?
HE Buamim also stated that the region as a whole remains and will be the magnet for offshore & Maritime industry and investment.
About her participation in the session, HE Eng. Hessa Al Malek, Maritime Transport Executive Director at the Federal Transportation Authority (FTA) said: ?As the Federal Transport Authority – Land & Maritime (FTA), our role is to develop the maritime sector in the United Arab Emirates. To achieve that, we strive to develop and refine legislations and regulations to help the UAE maritime sector to expand and compete internationally. That is why we make sure to participate in such gatherings and activities.?
HE Eng. Hessa Al Malek continued on saying: ?In this meeting, we have focused on sharing and detailing the important steps taken by the FTA for the development of the maritime law in the UAE. We also presented our steps to organize the infrastructure, and the activities of our committee on the rights of UAE citizens and ships. We also touched upon the federal maritime integral strategy, which aims to ensure total cooperation and collaboration of all the federal and local entities in the UAE. We are confident that those steps here will help the UAE maritime sector to develop and strongly compete on the international fronts.?
From his side, Eng. Omar Abu Omar, Chief Operating Officer of Tasneef stated: ?Dubai Council for Marine and Maritime Industries is a very important platform that gathers all the key players in the maritime industry to get their feedback about the challenges they are facing and discuss the opportunities they have in the future.?
?I believe that the maritime industry in the UAE is not getting the attention that it duly deserves as the value of the revenues generated by the services of the maritime industry alone is around 61 billion dollars.? He added
From his side, Dr. Abdul Salam Al Madani, Executive Chairman of Offshore Arabia Conference and Exhibition and Member of the DCMMI, expressed his appreciation for hosting this meeting in Dubai and praised the outstanding efforts accelerated towards the development of the environmental and economic systems in the UAE and the region, in addition to spreading knowledge and supporting the Marine and Maritime industries.
Dr. Abdul Salam Al Madani also said: ?I am very positive about this rich collaboration between Offshore Arabia conference and Exhibition and the DCMMI which will promote the Marine and Maritime industries and will inspire everyone to invest in national industries in addition to support Offshore Arabia Conference and Exhibition which will be hosted in Dubai in 2016.?
It is worth mentioning that the Dubai and the UAE marine and maritime industry is a world-class industry with an international clientele. Dubai is one of the world?s premier ship repair and shipbuilding centres and a world leader in the offshore engineering and conversion of Floating Production Storage and Offloading (FPSO) and Floating Storage and Offloading (FSO) units. It is a niche player for the building of customised and specialised vessels and structures covering a wide spectrum of advanced marine technology.
HE Khamis Juma Buamim outlined in his presentations the following:
- The UAE at large has the most & effective global Strategic & Interconnectivity (Sea, Air & Land), and it has large growth of entrepreneurs, businesses and services
- Port Khalifa & Kizad, Jebal Ali & Jafza ,Fujairah & many other Ports & industrial zones (solid, require additional consolidation)
- Saudi Arabian Industrial Investments Company (SAIIC) as anew and fully integrated investment platform.
- The additional potentials, Qatar, Kuwait and Iraq and the Indian & African connectivity
The Future of the Global Maritime Industry from a global prospective indicates the following:
- In the next 10-15 years world trade is projected to grow significantly. It is estimated that this growth will result in a doubling of seaborne trade volumes from 10 billion tons of cargo annually today to 20 billion tons of cargo around 2030.
- In terms of oil, with demand projected to grow to 110 million barrels a day by 2040, oil-related investment requirements are estimated to be around $10 trillion between now and then.
- The demand for steel will grow to as much as two billion metric tons a year by 2025. Since the turn of the decade, infrastructure and construction projects linked to urbanization in India, the Middle East, and China and elsewhere, has accounted for more than 35 percent of global steel demand and for more than half its growth.