Dubai wins a leading position as one of the world’s top five shipping centres for the 3rd consecutive year
Dubai has triumphantly maintained its first position as the first city in the region to stand among the world’s top five stops for the maritime business in the International Shipping Centre Development (ISCD) Index for the third successive year, standing ahead of Rotterdam, Hamburg, Athens, New York, New Jersey and Tokyo.
The Emirate’s enduring status as a global centre for maritime transportation and logistics was disclosed in a report that was newly issued by Baltic Exchange, and Xinhua, a London-based international news agency affiliated with the China Economic Information Service (CEIS).
The latest credit once again underlines the competitiveness, attractiveness and inclusiveness of Dubai’s regional maritime atmosphere, which can be matched to the best in the world.
The achievement can be credited to the directives of the wise leadership to continually improve the legislative, regulatory frameworks and infrastructure, marine services, and logistical capabilities, which also supplies to strengthening the global community's confidence in Dubai’s maritime sector.
The index is based on external criteria, which involve the quality and performance of infrastructure, port productivity, the scope of maritime support services, and the competitiveness of the market and investment environment, among others.
Sultan Ahmed bin Sulayem, Chairman of Dubai Ports, Customs and Free Zone and Chairman, Dubai Maritime City Authority (DMCA), said: “For the third year, Dubai has worked to maintain its place amongst the world’s top five stops for maritime shipping. The latest accolade is the result of the consistent care given by the wise leadership, in addition to the joint exercises offered by the public and individual sectors to improve the elements of the maritime sector, to meet the best in the world.”
He continued: “Further encouraged by this newest accomplishment, DMCA will proceed to improve Dubai’s competitiveness on the global shipping landscape, in line with the vision of H.H Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, directed by our comprehensive plans to build an engaging legislative and legal structure and further develop shipping operations, ports and marine support services and operations and maintenance of ships, taking advantage of technological developments, innovation and research.”
“Exceeding other leading global maritime capitals such as Rotterdam, Tokyo and Hamburg, Dubai’s maritime industry has also become the first in the Arab world to accomplish this achievement. This discovery reflects the success of well-defined strategies that are aimed at constantly enhancing operational performance and security.
The modern ports with high absorptive capacity emerge as an important ambitious advantage and a key pillar for drawing marine investments to the emirate, which is today considered one of the most important trade centres in the world. This honour motivates us to continue our efforts to support Dubai’s position as a global business hub where East meets West, in line with the arrangements for the next fifty years that chart a new stage of economic and development renaissance,” he concluded.
Following its victory in 2018 and 2019, Dubai has succeeded to maintain the first spot in the ISCD Index for the third consecutive year. ISCD is a ranking system that is based on numerous pointers and standards such as the capacity to attract marine businesses, the amount of utilizing innovation and creativity in maritime centres around the world, and their overall impact and assistance in driving the growth of the global shipping sector.