26/09/2017 05:52 AST

The inauguration of two new cruise lines, ‘Norwegian Cruise Line’ and ‘Thomson Cruises,’ in Dubai recently has been listed as one of the factors reinforcing the emirate in particular and the country’s position as a global destination of choice for cruise tourism.

“This steady expansion will support the UAE’s nomination as a Category B member of the International Maritime Organization (IMO),” said the UAE Minister of Infrastructure Development and Chairman of the Board of Directors of the Federal Authority for Land and Maritime Transport, Dr Abdullah bin Mohammed Balheif Al Nuaimi. The Minister further explained that the increasing number of cruise lines docking at UAE ports supports the maritime sector’s function as a significant global maritime player.

“The country’s tourism infrastructure is being rapidly expanded to welcome the surge in cruise tourists, while ambitious projects are being implemented to upgrade port infrastructure.”

He said the leading position of the UAE as a destination of choice for maritime tourism will “encourage international companies to manage their operations and conduct cruises through our local ports.”

According to the minister, Abu Dhabi has emerged as a major destination for marine tourism. “Abu Dhabi has launched a series of initiatives to develop its marine tourism sector which forms one of the pillars of its economic diversification strategy.”

He said that Port Zayed hosts the Abu Dhabi Cruise Terminal, a state-of-the-art terminal renowned throughout the region and an ideal port of call for passengers traveling by sea to Abu Dhabi.

“At the end of last year, Sir Bani Yas Island in the Western Region was opened to cruise ships, becoming the only beach stop in the Gulf region.” Dubai, on the other hand, “saw its maritime tourists and cruises increase significantly by 15and 18 per cent, respectively, from 2016 to 2017,” said the minister. He said the emirate is home to the Middle East’s largest and most modern cruise facility which covers 36,500 sqm and extends at a distance of 2,200m. “Mina Rashid currently welcomes around 650,000 passengers annually, and is expected to attract a million tourists by 2020.”

“The other emirates are similarly working to drive maritime tourism as part of continuing efforts to cement the UAE’s leading position in the global ports industry,” said the minister.

The UAE is competing with 12 other countries for 10 available seats for Category B membership in the IMO to add value to global transport, trade, shipping and maritime tourism.


The Gulf Today

Ticker Price Volume
QNBK 119.00 298,550
BURUJ 29.05 230,751
SABIC 99.08 2,006,510
STC 68.80 89,280
ALMARAI 52.12 318,795
PETRORABIGH 13.19 1,586,490
WALAA 29.18 238,323
Saudi insurance market faces consolidation

21/11/2017

Tightening solvency requirements are likely to drive consolidation in the Saudi Arabian insurance market in the next few years as weaker companies merge with stronger rivals, according to a Fitch Rat

Intelligent Insurer

Smart Cities, NEOM to boost GCC construction sector to $2 trillion

21/11/2017

Smart Cities and mega-projects will boost the GCC’s construction sector to $2 trillion by 2020, according to a recent report by Ken Research.

As complex mega-projects such as Expo 2020 Dub

Tahawul Tech

Bahrain to host inaugural Islamic Finance Innovation Day next month

21/11/2017

Bahrain has announced that it will host the inaugural ‘Islamic Finance Innovation Day,’ next month, bringing together scholars, executives, standard-setting bodies and support organisations to discus

Tahawul Tech

Kuwait’s heavy debt looms: Banking’s balancing act

21/11/2017

Kuwait is liquid and managing a tough situation brought about by OPEC-led production cuts. In 2018, the country will be listed by FTSE in the secondary emerging market category boosted by Kuwait’s c

AME Info

Saudi Billionaires Look for Ways to Protect Assets From Any Govt Purge

21/11/2017

Wealthy Saudis are seeking to restructure their businesses to ring fence assets in case authorities widen their declared crackdown on corruption, according to three people with knowledge of the matte

Bloomberg