Al Nuaimi said the maritime sector accounts for just over 5% of the national economy and the aim is for its contribution to grow to 25%. He added that it would not be an easy task, but it would be achievable by focusing on trade based on logistics, competitive legislation, sustainability and the latest technology.
The minister said some AED60bn ($16bn) was being spent on improving the country’s maritime sector in the run up to Expo 2020, and so achieving the 25% target after 2020 was “logical”.
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The UAE is home to more than 20 ports and also one of the world’s leading terminal operators, DP World.
Following his address, the minister was recognised for his contribution to the maritime sector. He is pictured receiving his award (left) from Amer Ali, executive director of Dubai Maritime City Authority, organiser of UAE Maritime Week.
UAE Maritime Week runs until 1 November and is organised by Dubai Maritime Cluster Office.
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