The Dubai Maritime Authority held a workshop with ships and yachts factories and maintenance workshops, in cooperation with the Emirates Development Bank, with the aim of providing innovative and diversified financing solutions for customers, individuals and companies, in a way that contributes to enhancing their contribution to the national economy and consolidating Dubai’s position as a first-class sustainable maritime center.
Sheikh Dr. Saeed bin Ahmed bin Khalifa Al Maktoum, Executive Director of the Dubai Maritime Authority, confirmed that the Maritime Authority is working with the relevant authorities with the aim of attracting investors in the maritime sector by providing a package of incentives and benefits in order to promote the sustainable development of the maritime sector in the Emirate of Dubai, adding that The Authority seeks to create an attractive business environment for investors by motivating partners to invest in the maritime sector due to its advanced infrastructure and logistical services, as well as investment opportunities in this sector.
The Executive Director of the Dubai Maritime Authority stated that following the visions of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Maritime Authority is keen to achieve qualitative leaps in the maritime sector as one of the main tributaries of sustainable development that contributes to accelerate the pace of progress in the Emirate.
Sheikh Saeed continued,: “The authority provides a number of facilities and initiatives for the benefit of investors, based on its keenness to provide a successful investment environment that provides ideal ways to invest appropriately to raise the added value of the economic development wheel in the emirate”.
Sheikh Saeed referred to the contribution of the Emirates Development Bank in this regard by providing flexible and competitive financing solutions such as financing capital expenditures and financing emerging, small and medium companies, explaining that the bank is partnering with the Maritime Authority on enhancing the investment environment that attracts local and international investors in the marine sector by supporting investments that enhance the economic competitiveness of the Emirate.
Sheikh Saeed appreciated the efforts of the teams concerned with the Maritime Authority through holding workshops and awareness sessions in cooperation with the competent authorities, such as the Emirates Development Bank, with the aim of identifying programs to support companies in general and small and medium enterprises in particular, which is considered one of the most important mechanisms of strategic direction to support local economy.
