Dubai Maritime City Authority Discusses Leading Efforts to Support Luxury Yachting at ‘Sailing for The Better’ International Superyacht Summit 2019

27 Feb 2019

Highlighting partnership initiatives with the private sector

DUBAI – The Dubai Maritime City Authority (DMCA) has joined in a wide range of discussions to support global efforts promoting the luxury yacht sector during its participation at the International Superyacht Summit 2019. Themed ‘Sailing for the Better’, the talks were attended by a host of decision makers, regional and international experts, industry leaders and maritime pioneers who provided in-depth insights on the emerging challenges and promising local, regional and international opportunities of the luxury yacht industry. DMCA officials also reviewed the competitive essential components of Dubai – an influential force in shaping the future of the global yacht sector.

Hamed Hassan, Director of DMCA’s registration and licensing, highlighted the rapid developments in the luxury yacht sector as a key component in driving the maritime sector in Dubai; pointing out that the significant growth of the local maritime cluster has enhanced Dubai’s leadership position as one of the world’s five most competitive and attractive maritime clusters based on pillars of innovation, excellence and technology.

He noted that Dubai has always been an attractive destination for luxury yacht owners from around the world, and that sustained national efforts and unlimited support from the leadership has led to the development of legislation and infrastructure that upholds the city’s strong position on the global maritime map as one of the world’s best maritime capitals. Hassan also reviewed the progress made in upgrading the components’ competitiveness of the local maritime sector, which currently enjoys high international confidence as a safe and attractive environment for maritime investments related to maritime leisure, under the proactive initiatives of the DMCA. Initiatives such as ‘Sea Dubai’, which are aligned with the objectives of the organization’s Maritime Sector Strategy, will be the basis for ensuring a continued secure and sustainable maritime sector.

He elaborated on the features of the ‘Sea Dubai’ initiative and the provision of an integrated framework to regulate working mechanisms of maritime leisure means within the local territorial waters; emphasizing that it has made a huge leap in accelerating and facilitating the registration and licensing of sailing permits in cooperation and coordination between the public and private sectors. He concluded that the maritime leisure sector is a key pillar in the objective of the “Dubai Tourism Vision” to double the number of visitors to Dubai and exceed 20 million tourists by 2020.

Hassan said: “Our success comes as a result of our ongoing focus on the modernization of maritime and technical infrastructure, developing integrated policies and regulatory frameworks, stimulating innovation, driving sustainability, optimizing investment in human elements, achieving maritime safety and upgrading logistical capabilities to match the best in the world. The smart transformation forms a key pillar to our ongoing agenda to create a maritime environment attractive to industry pioneers. Employing modern technology and techniques through innovative initiatives will ensure that the maritime sector pioneers embrace the world-class maritime services in Dubai”.

He added: “Our participation at the International Superyacht Summit 2019 reflects our continued commitment to enhancing regional and international investors’ confidence in the luxury yacht market in Dubai. We look forward to continuing to develop effective procedures to enhance maritime safety, operational efficiency, guarantee safe navigation, increase the confidence of the international investment community in the maritime leisure tourism sector and support national efforts to enhance contributions to the Dubai economy.”