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Ministry of Education launches ‘UAE Maritime Network’ to strengthen maritime investment

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  • Mansouri: Launching the Maritime Network is one of our key initiatives as we prepare for the next 50 years, especially as the maritime sector contributes over AED 90 billion to the UAE economy annually
  • Almalek: The network is the result of unifying all strategic sectors as we seek to create an inclusive and comprehensive platform for all key industry players to enhance our maritime capabilities and influence the development of the global industry

Dubai, UAE: The Ministry of Energy and Infrastructure (MOEI) has launched the UAE Maritime Network initiative to support the International Maritime Organization and promote the UAE as a global maritime hub and an ideal maritime investment environment. The initiative supports the ministry’s efforts to enhance the profile of the UAE maritime sector globally. The Maritime Network Initiative supports MOEI’s goal of developing and strengthening alternative economic components of the oil sector and is a major contributor to the 50-nation project.

To launch the initiative, the ministry will establish a communications network of various regional and international maritime entities. This will serve as a platform for launching various initiatives, announcing events and events. It will also serve as a knowledge hub for international maritime stakeholders to understand investment opportunities in the UAE maritime industry.

He Ying. Hassan Mohammed Juma Al Mansouri, Undersecretary for Infrastructure and Transport at the Ministry of Energy and Infrastructure, said: “The UAE is a unique success story in terms of government excellence. By launching this initiative, we will unify the UAE’s maritime sector, This initiative will consolidate the capabilities of the various entities and organizations in the sector. The network will enhance their performance by bringing together the capabilities and experience of professionals and experts working in these companies, many of whom are world-class experts. This will provide the China’s maritime companies build a vast think tank and a common platform to create new opportunities for investment in the industry.”

Al Mansouri added: “Our role in the UAE maritime sector is not limited to managing and operating one of the world’s most important shipping hubs, we are also a centre for building bridges in shipping, logistics, bunker supply and oil exports. The world’s leading Collaboration between maritime clusters, as well as fostering the exchange of innovative ideas and projects. Launching the Maritime Network is one of our key initiatives as we prepare for the next 50 years, especially as the maritime sector contributes over AED 90 billion to the UAE economy every year. By empowering the industry and the organizations operating under its umbrella, we will double that number within a few years.”

Integration and interconnection capabilities

The UAE plays a vital role in global seaborne trade, with more than 27,000 shipping companies operating in the country. The country’s strategic location makes it a major hub for maritime operations in the Gulf Cooperation Council, East Africa and the Indian subcontinent. The UAE has also made innovation one of its top priorities. The Ministry of Energy and Infrastructure has been supporting the development of the maritime sector, promoting the adoption of modern technologies, innovative solutions, and working to strengthen the UAE to keep up with the latest developments in the global maritime sector, in addition to meeting international standards for maritime safety and marine environmental protection.

He Ying. Hessa Al Malek, Adviser to the Minister of Maritime Transport Affairs at the Ministry of Energy and Infrastructure, said: “The UAE’s strategy towards a blue economy is based on several pillars, including innovation, creativity, research and development, and strong links with regional and global maritime companies. The maritime network will Unify the industry in the UAE and will support the development of the industry in the country through an integrated government system. The UAE houses the headquarters of many international shipping companies. We seek to create an inclusive platform at the national level, including all influential players in the maritime sector, to enhance our capabilities and advance the global industry.”

Comprehensive investment platform

The Maritime Network will serve as a unified portal for maritime companies in the region and globally, with a centralized database. It will also organise events, conferences and panel discussions to bring together government and the private sector to discuss ideas that will help advance the sector and help shape maritime strategies for the next 50 years. Several accelerators will also stimulate the generation of innovative ideas and translate them into global maritime projects.

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