UAE investments in maritime sector set to reach Dh242bn

The UAE?s investments in the maritime industry are expected to reach $66 billion Dh242 billion in the next three years.

Experts estimated that the UAE will contribute 30 per cent to 35 per cent of the Middle East?s projected investments in the sector valued at $170 billion Dh624 billion to $190 billion Dh697.3 billion over the next three years.

Sultan Ahmed bin Sulayem, Chairman of Dubai Maritime Authority, said the maritime industry is a major economic sector in the UAE, with the country?s share approximating 60 per cent of the sector?s total value within the GCC.