UAE marine development comes match a hundred and ninetieth annual growth

The UAE marine ports trade recorded a formidable a hundred and ninetieth growth over the past 3 years, matching the collective annual growth rate of the center East, Europe and Africa.
The majority of the country's giant marine infrastructure development comes are expected to be completed at intervals subsequent 10 years.

So says Ms Nadia K Baradihi, President and CEO of Baradihi Diving Services, a number one industrial diving services supplier within the UAE and GCC that, is concerned within the diving operations of variety of renowned comes within the UAE and also the region, as well as Port Khalifa, Deira Island, Dubai Maritime town and Le Promenade.

According to Ms Baradihi, the center East Region, notably the GCC sub-region, has witnessed a big, demand-driven increase within the quality and amount of marine firms and operators, that is creating the center East, and also the Arabian Gulf especially, one in every of the foremost dynamic and vibrant international maritime centers within the world.

She more added, "Marine development comes within the region have very return to the forefront throughout the past 5 years, and also the UAE has led the approach in development comes. the large economic growth witnessed within the Middle East region, not to mention the coastal location of the GCC countries, is driving major seaport enlargement within the region, and over fifty comes value over $40bn are currently underway, with individual budgets starting from $10m to $5.5bn."

Ms Baradihi adds that a big a part of this demand is predicted to return from the UAE, where developers are performing on variety of offshore and waterfront property comes.

"Every emirate has land reclamation comes, and even once the completion of those comes, maintenance are needed. this may gift us with more opportunities and enhance our presence within the region," she said.

In the 1st 1/2 2009, there have been thirteen major maritime developments within the Middle East and GCC regions. Of the thirteen comes, the UAE boasts four outstanding developments: the $2.5bn Port Khalifa and Industrial Zone in Abu Dhabi; the $599m Mina Rashid in Dubai; the $560m Dana Island in Ras Al Khaimah; and also the $1.8bn Al Marjan Island, additionally in Ras Al Khaimah; whereas KSA has 3 major comes underway: the $5bn King Abdullah Economic town Port; the $700m Ras Al Zoor Port; and also the $450m Red ocean container station at Jeddah Islamic.

The remaining six comes are divided among the Sultanate of Oman, with 2 major comes - the $1.1bn Duqm Port and also the $400m Sultan Qabus Port; Qatar, additionally with 2 major comes - the $5.5bn New Meseaid Port and also the $1.2bn Ras Lafan port development project; Kuwait, with the $1bn Bubian Island project; and Libya, with the $2bn within the Gulf of Sirt.

Once the economic crisis has passed and also the world markets have settled, more enlargement comes are expected to be announced the center East region, and also the strategic importance of marine comes are a very important think about countries' trading activities.

These comes can probably have a big influence on the gross domestic product (GDP) figures of Middle japanese and GCC countries, in accordance with GDP readings issued by advanced and established world economies in terms of ports and free zones development comes.

UAE marine development comes match a hundred and ninetieth annual growth 2012-06-14T03:19:00-07:00 Rating: 4.5 By: Admin