Sponsored By

UAE Maritime Cluster launched to boost sector with global promotion

The UAE Government has launched new maritime cluster as it seeks to double the AED91bn ($24.77bn) sector in a few years.

Marcus Hand, Editor

September 29, 2021

2 Min Read
H.E. Suhail Al Mazrouei The UAE Minister of Energy and Infrastructure (002)
H.E. Suhail Al Mazrouei The UAE Minister of Energy and InfrastructurPhoto: UAE Ministry of Energy and Infrstructure

The UAE Maritime Cluster is being launched by the Ministry of Energy and Infrastructure as an umbrella covering local and federal government and private organisations in the sector.

The announcement of the new cluster was timed to coincide with World Maritime Day on 30 September and it aims to promote the UAE maritime sector globally and support the role of building alternative parts of the economy to the oil sector.

H.E. Eng. Suhail Al Mazrouei, Minister of Energy and Infrastructure in the UAE, said: “Building on the model of the UAE Union, we will unify the UAE maritime sector by launching the UAE Maritime Cluster, which will be a platform that integrates the capabilities of the various entities and organisations, whether federal, local or from the private sector. The Cluster will enhance their performance by bringing together the competencies and experiences of professionals and experts working in the UAE’s maritime sector, many of whom are world-class experts.”

The Minister said the cluster was one of the key projects in preparing the UAE for the next 50 years and ensuring its growth, which is expected to be significant.

“Currently, the sector is estimated at around AED 91 billion annually. We look forward to doubling this figure within a few years by building bridges to integrate the various organisations and stakeholders involved,” Al Mazrouei said.

Related:UAE launches initiative to protect seafarers’ rights and welfare

The cluster will include a central think tank explore investment opportunities and innovative maritime projects as a result of unifying the efforts and ideas of maritime organisations in the UAE. The cluster will also include and incubator to support start-ups and young entrepreneurs, as well as a platform for research & development.

The cluster is seen as key step the UAE’s preparations for candidacy for its Category-B membership at the International Maritime Organization (IMO) for the third time.

H.E. Eng. Hessa Al Malek, Advisor to the Minister for Maritime Transport Affairs, Ministry of Energy and Infrastructure, said: “The UAE is home to the regional headquarters of many international maritime companies and organisations. These are influential bodies and their voices are heard across the sector.

“It would be very useful to have an overall comprehensive national platform that brings together all the influential players in the maritime sector. It will also enhance our maritime capabilities and influence in developing the industry globally, which will greatly support our candidacy.”

The new maritime cluster aims advance the sector in the UAE and formulate maritime strategy for the next 50 years.

Related:UAE acts on vessel abandonment with new resolution

 

Read more about:

UAE

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like