UAE - Mubasher: Dubai has maintained its fifth position globally for the maritime industry in the International Shipping Centre Development (ISCD) Index for the third year in a row.
Dubai is the first city in the region to be placed among the top five destinations for the maritime industry, coming ahead of Rotterdam, Hamburg, Athens, New York, New Jersey, and Tokyo, according to a press release on Wednesday.
The ISCD Index, published by the Baltic Exchange, in collaboration with Xinhua, the Chinese state news agency, measures the quality and efficiency of infrastructure, port productivity, the scope of maritime support services.
Dubai's fifth ranking reflects the competitiveness, attractiveness, and inclusiveness of the emirate's local maritime sector and logistical capabilities.
Commenting on the ranking, the chairman of Dubai Ports, Customs, and Free Zone and chairman of Dubai Maritime City Authority (DMCA), Sultan Ahmed bin Sulayem, said: "The modern ports with high absorptive capacity emerge as an important competitive advantage and a fundamental pillar for attracting marine investments to the emirate, which is today considered one of the most important business centres in the world."