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Dubai Maritime City enters final development phase

Dubai Maritime City enters final development phase

Dubai: The Dubai World group announces that its Dubai Maritime City project has entered its third and final phase of development, with "more than 1,000 domestic and international maritime-related companies" now registered for what is described as the world's first purpose-built maritime hub.

Companies to have signed up include management consultancy and services, retail and recreation, maritime education and research, equipment suppliers, financial institutions, lawyers, brokers, owners, ship repair and maintenance, yacht companies and others.

Amer Ali, CEO of Dubai Maritime City, said, "The eagerness of leading international maritime companies to establish a presence in Dubai Maritime City reflects the UAE's growing reputation as one of the world's most promising maritime hubs, founded on its noble and long-standing maritime heritage.  As such, the maritime industry is a very important segment of the UAE's economy."

This month Dubai Maritime City also  finalised the strategic plan of the Marina District; a mixed-use cluster of hotels, marinas, waterfront retail shops, restaurants and entertainment facilities.  It is one of the six districts incorporated in the 227-hectare Maritime City, which also includes the Academic Quarter, the Industrial Precinct, the Maritime Centre, maritime company offices as well as a commerce hub. On completion, the project will also feature the UAE's first specialised National Maritime Museum, as well as an education, training and research institute for maritime science. [28/01/09]