20/09/2014 01:27 AST

The UAE’s maritime industry is growing rapidly and the Expo 2020 is playing a catalyst role for the industry’s growth as more than 90 per cent of global trade is sea-bound, said an official of Dubai Maritime City Authority.

The maritime industry is contributing to overall growth of national economy as it has created more than 70,000 jobs with a turnover of Dhs14.4 billion in 2013.

Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, has announced the launching of the first-of-its-kind global maritime summit taking place on Oct. 27, 2014.

The Dubai Maritime Summit will be held under the patronage of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, and will be the main forum for opening Dubai Maritime Week, DMCA’s biennial event.

Dr Abdullah Belhaif AI Nuaimi, Minister of Public Works and Chairman of the National Transport Authority (NT A), will be the key speaker at the Summit to talk about the vital and strategic role of the UAE on the global maritime landscape and underline its economic, political and logistics position which support its efforts to become an international maritime center and topnotch investment destination across the regional and international maritime industry.

The Dubai Maritime Summit will gather high-profile decision-makers, senior executives and managers of industry-related public and private companies from Dubai and worldwide. It will also see participation of keynote speakers, including industry leaders from the International Maritime Organization (IMO), Baltic and International Maritime Council (BIMCO), International Association of Classification Societies (lACS) and other senior maritime companies.

Sultan Bin Sulayem, Chairman of Dubai Ports, Customs and Free Zone Corporation and President of Dubai Maritime City Authority, said: “The event aligns with DMCA’s strategic role played in promoting Dubai’s position as a pioneering maritime global hub as well as building a solid base to improve Dubai’s maritime zone in order to benefit from globally competitive maritime and logistics sectors that adhere to the highest international standards and practices. “

The Dubai Maritime Summit will be organised on the first day of Dubai Maritime Week by DMCA. It aims to strengthen Dubai’s capacity to host major international maritime events and conferences. The summit is in line with the Authority’s continued commitment to ensure the highest standards of maritime safety within Dubai’s territorial waters beside organising and managing the various aspects of the maritime sector.

The summit will bring together top decision-makers, senior management of various public and private companies operating in the local, regional and international maritime sector. Spokespersons of the global maritime industry, including representatives from the International Maritime Organization (lMO) , the Baltic and International Maritime Council (BIMCO), the International Association of Classification Societies (lACS) will also be present.

Amer Ali, Executive Director, Dubai Maritime City Authority, said: “Dubai is seeking to establish itself as a leading destination for the organisation of international events in the global maritime industry. With the launch of the “Dubai Marine Summit”, the emirate will emerge as a main and important maritime hub for regional and global decision-makers and investors.”

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