Dubai continues to cement its dominance in the global maritime sector, ranking fifth in the 2024 International Shipping Centre Development Index (ISCD) for the fifth consecutive year. The index, compiled by the Baltic Exchange and Xinhua News Agency, recognizes Dubai as the only Arab city in the top 20, standing shoulder to shoulder-with global giants like Singapore, London, Shanghai, and Hong Kong.
A Maritime Powerhouse
Source: Dubai Media Office
The report, issued by the Baltic Exchange and Xinhua News Agency, highlights Dubai’s impressive rise, thanks to initiatives like the Dubai Maritime Authority’s focus on fee transparency and sustainability. Hosting COP28 further strengthened Dubai’s reputation as a hub for innovation and decarbonization.
Leading the Way in the Middle East
Source: Alitehad newspaper
His Excellency Sultan bin Sulayem expressed pride in Dubai’s achievement, emphasizing the city’s role in shaping the global maritime landscape. Sheikh Dr. Saeed bin Ahmed bin Khalifa Al Maktoum added that Dubai’s continuous efforts in sustainability and innovation have positioned it as a future-facing global maritime capital.
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