Dubai Maritime City’s AED140 Million Infrastructure Project to Enhance the Efficiency of the Logistics Sector
- January 16, 2023
- Posted by: axiom_admin
A Project that Aims to Boost Dubai’s Economy
Dubai Maritime City
Dubai Maritime City (DMC) is a multipurpose maritime zone. It is a member of the DP World group of companies, and the sole specialized maritime cluster in the UAE and GCC that covers A to Z marine industry needs under one umbrella, including ship repair, marine suppliers, engineering, and technical expertise.
AED140 Million Infrastructure Project
DMC has announced the launch of a significant project to develop its infrastructure at the cost of AED140 million as part of DMC’s commitment to serving the modern business community and providing its customers with the best roads and facilities. The new infrastructure project will cement DMC’s position as a multi-purpose maritime hub.
The Objective of the Project
The project is part of ongoing efforts to enhance the efficiency of the logistics sector. It includes developing networks for deep sewage, stormwater, fire, irrigation, potable water, telecommunication, and roads. The timely launch of the project is meant to enhance the growth of the UAE’s maritime sector as a part of the efforts to support the Dubai Maritime Vision 2030.
The infrastructure project aims to boost Dubai’s economy by strengthening Dubai’s status as a world-class, premier global maritime hub. As the world’s leading multipurpose maritime center, DMC caters to the local and regional maritime community by providing all the necessary facilities to conduct their businesses.
Dubai Maritime City Free Zone
The integrated cluster covers industry, regulation, and infrastructure all together to magnify the role of maritime industry development in Dubai. Here are the benefits of setting up a business in the Dubai Maritime City Free Zone:
- 100% foreign ownership
- Tax exemption on corporate and personal income
- No restriction on the repatriation of capital and profits
- Exemption from import/export duties
- Companies can operate 24/7 in the Freezone
- Ample financial incentives
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