Dubai invites ship owners from India
The Dubai Maritime Cluster Office has rolled out a red carpet for ship owners as well as ancillary industries in India for them to take advantage of the zero-tax regime, favourable government policies and world-class infrastructure.
When the Dubai Maritime City Authority (DMCA) decided to participate for the first time in INMEX SMM 2017 – South Asia's largest maritime exhibition and conference – held in Mumbai, it also brought with it the Emirates Maritime Arbitration Centre, the ports, the dry docks, etc. Leading the delegation was Nawfal Al Jourani, Chief Officer, Dubai Maritime Cluster Office, which was launched in June 2016 by the DMCA to help realise the objectives of Dubai’s Maritime Sector Strategy. This strategy was developed in 2011.”
Dubai as a shipping hub
Dubai needs no introduction as far as trade with India is concerned. Both countries have had a historic relationship which continues to date. Jourani adds, “Dubai has almost 66,000 ships coming in to our ports on a regular basis and a large portion of that is from India. India and Dubai have fantastic trade relations since thousands of years.
The volume of mutual trade between India and Dubai and the Arab world in general is in billions. The team was in India recently to encourage more and more ship owners to look at Dubai as a potential port by educating them about the benefits of that DMCA can offer. “They are worried about GST and other taxes right now. But Dubai offers them a zero tax structure,” Jourani says.
Approach for India
The Dubai Maritime Cluster Office has two main strategies for the India market. In addition to the Maritime Sector Strategy, it has the Dubai Industrial Strategy. Launched in June 2016, this strategy aims to elevate Dubai into a global platform for knowledgebased, sustainable and innovation-focused businesses.
The cluster’s role
Dubai Maritime Cluster Office’s responsibilities include identification and implementation of key performance indicators and other relevant targets; determination of current and emerging challenges; and establishment of effective tools to effectively address concerns.
New virtual platform launched
The DMCA has recently launched the Dubai Maritime Virtual Cluster (DMVC) initiative on its website aimed at providing smart and interactive platforms for knowledge-sharing and research to further attract growth within the sector. It has information from regulations, clearances, banking, finance, training, arbitration, etc. that ship owners are looking for.
Nawfal Al Jourani Chief Officer Dubai Maritime Cluster Office