One thing the Middle East maritime industry cannot be accused of is a lack of ambition.
From port facilities right through to the support infrastructure, the region has its designs on becoming nothing short of the global flagship transshipment hub.
These are indeed exciting times for companies in the marine business, as expansion plans take off across the UAE, Saudi Arabia, and the surrounding countries.
In Dubai, the Maritime City complex has begun installation of the shiplift facilities, a crucial landmark in the development that is now taking shape. The new facility is on schedule, and hopes are that the first stage of the move there will take place early next year.
The Middle Eastern shipbuilding flag is being flown by ADSB who have begun production of Corvette class vessels; fast patrol boats and missile strike craft for GCC and European navies, breaking new ground for the region.
The company will double its workforce and building shed capacity over the next year to accommodate the flood of orders from states across the Gulf and beyond.
In Oman and Bahrain aggressive investment strategies are underway to ensure the surrounding maritime industry keeps apace with regional demand and growth.
Encouragingly, announcements have emerged from the Iraqi Port Establishment is ready to implement plans for the Great Iraqi Port.
The facility will include more than 50 specialised oil and container berths, capable of receiving the largest ocean going tankers and ships.
Reports suggest that the new facility will be established thousands of acres before the entrance of the Arabian Gulf in Fao.
“Establishing this port is a step towards the direction of serving and promoting the transport sector; it will facilitate the flow of ships coming to the region and make it a competitive commercial outlet in the Gulf area in general,” said Louay Hatem Al Urs, Iraqi minister of transport.
With such optimism permeating the region, there could be no better time to attend Seatrade Middle East Maritime.
From December 4th-6th at the Dubai World Trade Centre, the show has the strongest international exhibitor presence to date.
As official media partners you will find Sea Freight Middle East on our stand, and in this issue we’ve included a preview outlining the most relevant sessions to attend for industry decision makers.
We hope to see you there..For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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