You are currently viewing UAE is making significant efforts to attract substantial foreign investments in the maritime industry

UAE is making significant efforts to attract substantial foreign investments in the maritime industry

The UAE is focusing on developing its maritime sector to attract significant foreign investments from leading global maritime organizations. The country aims to enhance its contribution to the national economy, which is currently valued at AED90 billion ($24.51 billion). Eng Hassan Mohammed Juma Al Mansouri, the Undersecretary for Infrastructure and Transport Affairs at the Ministry of Energy and Infrastructure, highlighted the progress made in expanding and modernizing ports, increasing cargo volumes, and establishing the UAE as a prominent global trade hub.

Through strategic investments in infrastructure, technology, and talent development, the UAE has positioned itself as an innovative maritime hub with state-of-the-art ports that handle over 25,000 port calls and more than 19 million TEUs annually. The Seatrade Maritime Logistics Middle East event, held under the patronage of the UAE Ministry of Energy and Infrastructure, served as a platform for industry leaders, experts, and policymakers to discuss advancements and best practices.

The event emphasized the importance of cooperation and collaboration in driving the maritime sector forward, with a focus on decarbonization, digitalization, and automation for more efficient global supply chains. Discussions covered topics such as digital transformation, sustainable development, and supply chain resilience.

As the UAE prepares to host the United Nations Climate Change Conference (COP28), the event explored the country’s preparations and the maritime sector’s role in driving sustainability and success. The strong attendance and agreements signed between public and private sectors highlighted the event’s significance as a platform for knowledge-sharing, networking, and collaboration toward a more sustainable and prosperous future.

Read More: click here