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jebel ali shipping port uae

UAE Shipping Industry Could Be Worth $66 Billion By 2018

March 7, 2017 12:05 am Published by

Estimated by the government to be worth $60 billion in 2015, the UAE shipping sector is witnessing steady growth as Dubai in particular works to become one of the world’s top shipping destinations through its Maritime Vision 2030.

Dubai has historically been the busiest trading port in the Arabian Gulf, and now the UAE national government is taking steps to ensure the entire country remains a hub for maritime commerce. With further investment planned for the established Jebel Ali Port and ongoing development at the new 2 million square metre free zone – Dubai Maritime City – the Oxford Business Group believes the maritime industry in Dubai will be worth $66 billion by 2018.

State-owned ports operator DP World reported a 3.2 percent rise in gross container volumes in 2016, along with 6 percent year-on-year growth in volumes in the fourth quarter of the year.

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