A recent report by the Baltic Exchange and the Xinhua news agency of the China Economic Information Service, based in London, has ranked Dubai fifth according to the International Shipping Centre Development Index (ISCDI) for the second consecutive year.
Dubai’s position as the world’s fifth best maritime hub is said to reflect its highly competitive offer, based on infrastructure, maritime and logistics, favourable business environment, and investment and free zones. The emirate has outperformed some of the world’s traditional maritime centres, including Rotterdam and Hamburg, which are ranked sixth and seventh respectively. Singapore topped the list for 2019, with Hong Kong second, London third and Shanghai fourth.
According to Sultan Ahmed Bin Sulayem: “Maintaining the fifth position among the leading international maritime centres motivates us to continue our efforts to further enhance Dubai’s competitiveness in the global maritime landscape. We are exploring ways to further enhance the confidence of regional and international investors in the local maritime sector, especially shipping, ports, engineering, training and maritime support services, based on the strong foundations of R & D, innovation and smart transformation.”