Abu Dhabi Leaps a Staggering 10 Places in 2024 Leading Maritime City Report

(*10*) exemplifies Abu Dhabi’s imaginative and prescient to turn out to be a high maritime metropolis globally

Abu Dhabi, UAE – 29 April 2024: Marking a important step in maritime prominence, Abu Dhabi has secured its place inside the high 25 of maritime cities worldwide, leaping a formidable 10 locations since 2022, to succeed in place 22, the very best bounce amongst all cities, based on the celebrated 2024 Leading Maritime City (LMC) Report, unveiled in Singapore.

The LMC report, a bi-annual benchmarking research collectively produced by DNV and Menon Economics, assesses the efficiency of fifty main maritime cities throughout key sectors corresponding to delivery, finance and regulation, maritime expertise, and port and logistics. This yr marks the sixth version of the report, offering invaluable insights for maritime administrations, trade stakeholders, and the worldwide maritime group.

Abu Dhabi’s development has been pushed by robust positive factors in the “Attractiveness and Competitiveness” and “Enhancement in Shipping” pillars. It additionally achieved spectacular rankings throughout all different key indicators and scored favourably in phrases of projected development as a main maritime centre of the world, persevering with Abu Dhabi’s rising prominence in the worldwide maritime panorama.

A serious contributor to this success is Abu Dhabi Maritime, established in 2020 through an settlement between AD Ports Group and The Department of Municipalities and Transport to handle the expansion and growth of Abu Dhabi’s maritime area. Abu Dhabi Maritime was dedicated by its devoted efforts to positioning the emirate as a main world maritime hub. This was mirrored in Abu Dhabi getting into the LMC rating for the primary time in 2022, and its excellent ascent in total rating to twenty second right this moment.

AD Ports Group has invested closely throughout a variety of areas which fall below the rating standards. Bolstering business and leisure maritime infrastructure, enhancing digital capabilities and augmenting the maritime regulatory framework, has contributed considerably to this success, as have initiatives such because the launch of Maritime Hub Abu Dhabi, growth of public water transportation networks and sustainability tasks.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, stated: “We are delighted to see Abu Dhabi’s outstanding progress recognised in the 2024 Leading Maritime City Report. This achievement serves as a testomony to the forward-thinking method of our clever management, and the dedication and laborious work of Abu Dhabi Maritime alongside the maritime group. It additionally underscores AD Ports Group’s unwavering dedication to continued funding, innovation, and environmental duty in the maritime sector. Through strategic initiatives and collaborative efforts, we’re assured in our efforts to additional elevate Abu Dhabi’s standing as a world maritime hub.”

Benjamin Dineshkar – Head of Maritime Advisory, Middle East and Africa, co- creator of the report, stated: “Abu Dhabi has made probably the most outstanding progress, shifting 10 locations from 32 to 22. Compared to the cities that had been in the highest 50 for each 2022 and 2024, Abu Dhabi has achieved the most important leap among the many cities. This is a results of strategic public insurance policies and constant funding, mirrored in the robust efficiency in many indicators and the general LMC rating. For Abu Dhabi to have solely entered the highest 50 of the Leading Maritime City Report in 2022, that is a great achievement.”

The 2024 Leading Maritime City report provides invaluable insights into the strongholds of right this moment’s world maritime trade, it’s utilized by maritime administrations and trade shareholders to establish enchancment areas for rising the competitiveness and attractiveness of a metropolis. The report can be invaluable to the worldwide maritime group. Through the report, they’ll assess what are the perfect areas for funding, and potential relocation and may get a higher understanding of the provider networks in a explicit location that may assist them, the expertise accessible, enterprise atmosphere and entry to capital funding.