For the 5th consecutive year, Dubai has been ranked among top 5 countries globally in the 2024 International Shipping Centre Development Index (ISCD). As per the latest report issued by the Baltic Exchange and Xinhua News Agency, Dubai is the 5th strongest global shipping centre as well as the only Arab city in top 20. Singapore, London, Shanghai, and Hong Kong are the other cities which feature in the elite list.
“The Dubai Maritime Authority is working to enhance Dubai’s status as a global maritime hub by advancing innovation, sustainability, and investment. We are also focused on embracing future trends in the Middle East’s maritime industry by expanding commercial operations and developing infrastructure.”, Sheikh Dr. Saeed bin Ahmed bin Khalifa Al Maktoum, Executive Director, Dubai Maritime Authority, said.
“Dubai’s global ranking as the fifth strongest shipping centre for the fifth consecutive year is yet another international endorsement of Dubai’s pioneering initiatives and exceptional maritime business environment. With the application of global best practices, Dubai continues to enhance and empower the maritime and shipping sector,”, he added.
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