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DMC business, commercial operations thrive in 2012

Dubai Maritime City (DMC), the world class maritime cluster built to further maritime activity in the Middle East, saw an increase in business and commercial activity in 2012.

The City’s Industrial Precinct has tailor-made solutions for maritime industrial, commercial and trading companies and offers facilities such as large and small workshops, warehouses, ship repair plots, shops and canteens.

Over 55 local and international organisations involved in the maritime sector and hospitality services have set up base here.

“We have changed the concept of business and development plans for the city to re-engineer a model of an active futuristic city. There has been large scale interest in the Dubai Maritime City, because of its’ proximity to the trading and commercial hub within the emirate of Dubai,” said Khamis Juma Buamim, Chairman of Drydocks World and Maritime World.

Among the workshops, warehouses and plots available on lease, 85 per cent of Phase 1 and 2 has already been occupied over the first half of last year despite adverse global market conditions. There are over 18 potential local and international clients who have expressed a keen interest in the varied properties and this number is growing rapidly in keeping with infrastructure and technical services development at DMC. Nearly 75 per cent of the investors are expected to begin construction by 2013. An academic facility and a healthcare facility are being negotiated with international investors.

The Industrial Precinct, which has ship-lifts of capacity 3000 and 6000 tonnes respectively, saw 214 ship lift operations until the end of May 2012 and 380 berthing activities. The year also saw several high value repairs such as L81, L82, PB1, Farica, Tug Tanajib, Dulcinea, My Dubawi, Delfina and Abqaiq.

— business@khaleejtimes.com