Dubai ranked first in the development index of the shipping center of the Arab world

According to Amac News: The report of Baltic Exchange and Xinhua News Agency states that Dubai is presented as the fifth strongest international shipping center for the fifth consecutive year, making it the only Arab city among the top 20 cities.
The Baltic Exchange report, titled Dubai Strengthens Its Position as a Leading Maritime Powerhouse in the Middle East, highlights Dubai's significant growth in the maritime sector in 2023 and its efforts to further consolidate its position as a major hub.
The organization cited the issuance of Dubai Maritime Authority's Directive No. 1 for 2023 on Local Container Fee Transparency, which mandates all service providers to disclose their local container fees through the Dubai Business Unit portal.
After hosting the United Nations Climate Change Conference (COP28), Dubai has increased its maritime credentials in 2023, providing a prominent platform for major international maritime companies and organizations to announce innovative partnerships and decarbonization initiatives at this global summit, the report said. did
Dubai's global ranking as the fifth strongest shipping hub for the fifth consecutive year is another international endorsement of Dubai's pioneering initiatives and exceptional maritime business environment.
In addition to its leadership in environmental sustainability, Dubai will not stop in achieving comprehensive maritime dominance in the coming decades, the report published by the Baltic Exchange noted.
Published annually, the International Shipping Center Development Index report is based on a methodology that assesses the competitive ability to attract maritime trade, the level of development of maritime centers around the world, and the overall impact and pivotal role in the growth of the global shipping sector.