The Dubai Maritime City Authority (DMCA) recently highlighted the outstanding accomplishments of Dubai Maritime Sector Approach (DMSS) at the recently concluded 14th Annual Gulf Ship Money Forum in Dubai. The DMCA's engagement remained in line with its efforts to enhance the local maritime setting to draw in global industry leaders and catapult Dubai into the rankings of the world's best maritime capitals.

" The DMCA is at the center of boosting the competitiveness of the emirate's maritime sector inning accordance with the regulations of the country's sensible leaders to construct a modern, protected, and sustainable maritime field to sustain the economic growth of Dubai and the UAE. It has carried out key plans sustaining leading maritime organisations and human funding advancement, in addition to many campaigns supported by innovative maritime framework, modern facilities, and integrated logistics solutions to bring in global investors to Dubai," said Amer Ali, Executive Director of Dubai Maritime City Authority.

The interactive event organized by Marine Money International at the Emirates Towers Hotel drew stakeholders from the maritime community that made use of its worldwide platform to review methods to improve the communication channels among ship proprietors, specialists, choice manufacturers, and leaders in ship finance. The forum likewise served as a possibility to deal with employment development, evaluate the very best practices, and come up with services to current and future difficulties dealing with the shipping sector and ship money. Regional and international specialists took part in a series of seminars on key critical topics and problems affecting the ship sector, including an Overview of Dubai Maritime Sector; the Economic Outlook; The Maritime Sector: New Facts and Expectations; the Oil & Energy Outlook, Price Action, and Review of the Alternative Solutions; The new reality of the shipping sector; and The Role of Innovation in the Maritime Sector among others.

During the meeting, Fatima Al Wahedi, Senior Manager - Finance, DMCA, shared DMCA's role in promoting Dubai maritime industry. She said: "The Authority is constantly functioning to make Dubai a top international maritime hub particularly after it was called one the most effective maritime capitals worldwide in 2017. Dubai is the first Arab city to sign up with the distinguished listing. The emirate ranked fifth in one of the most affordable and eye-catching maritime clusters on the planet according to a record launched by Menon Group for Business Economics. Via our different initiatives, we aim to cause positive adjustment within the local maritime market and boost its economic payments on behalf of the emirate's development."

Al Wahedi kept in mind that DMCA's engagement in the forum revealed its constant assistance for renowned regional and international events that will certainly produce a favorable effect on Dubai maritime market future. Al Wahedi also explained that the forum was a suitable platform to display the chances and aspects driving development of the delivery market economically speaking, which is thought about one of one of the most vital parts of the global maritime cluster.

The DMCA additionally highlighted its accomplishments and efforts throughout the forum, including the Dubai Maritime Cluster Office (DMVC), The Innovation Quay, and the Sea Dubai campaign. Dubai Maritime City Authority also highlighted Maritime Dubai initiative which comes under the administration of the Dubai Maritime Collection Office (DMCO), that gives an integrated framework for maritime policy advancement and control among local, regional and international maritime companies, cost-free zones, and ports, to name a few. It aims to promote significant maritime activities in Dubai.