Abu Dhabi leaps 10 places in 2024 Leading Maritime City Report
Marking a significant step in maritime prominence, Abu Dhabi has secured its place within the top 25 of maritime cities worldwide, jumping an impressive 10 places since 2022, to reach position 22, the highest jump among all cities, according to the prestigious 2024 Leading Maritime City (LMC) Report, unveiled in Singapore.
The LMC report, a bi-annual benchmarking study jointly produced by DNV and Menon Economics, assesses the performance of 50 leading maritime cities across key sectors such as shipping, finance and law, maritime technology, and port and logistics. This year marks the sixth edition of the report, providing invaluable insights for maritime administrations, industry stakeholders and the global maritime community.
Abu Dhabi’s growth has been driven by strong gains in the “Attractiveness and Competitiveness” and “Enhancement in Shipping” pillars. It also achieved impressive rankings across all other key indicators and scored favourably in terms of projected growth as a leading maritime centre of the world, continuing its growing prominence in the global maritime landscape.
A major contributor to this success is Abu Dhabi Maritime, established in 2020 via an agreement between AD Ports Group and The Department of Municipalities and Transport to manage the growth and development of Abu Dhabi’s maritime domain. Abu Dhabi Maritime was committed through its dedicated efforts to positioning the emirate as a leading global maritime hub. This was reflected in Abu Dhabi entering the LMC ranking for the first time in 2022, and its outstanding ascent in overall ranking to 22nd today.
AD Ports Group has invested heavily across a number of areas which fall under the ranking criteria. Bolstering commercial and leisure maritime infrastructure, enhancing digital capabilities and augmenting the maritime regulatory framework, has contributed significantly to this success, as have initiatives such as the launch of Maritime Hub Abu Dhabi, expansion of public water transportation networks and sustainability projects, highlighted a release.
Source: Exim News Service: Abu Dhabi, April 29