Dubai Maritime inks land lease deal with Dubai Shipbuilding

Thursday, 15 March 2012 09:51

Dubai Maritime City has signed a land lease (Mustaha) agreement for 25 years with ship repair and building entity, Dubai Shipbuilding.

The agreement was signed by Sheikh Juma bin Thani bin Juma Al Maktoum, Executive Director - Business District, Dubai Maritime City, and Bader Moh'd Obaid bin Mubarak, Deputy Chairman, Dubai Ship Building.

The area of the land is over 11,196 square meters and is a ship repair plot within the Business District of Dubai Maritime City.

Global maritime region

"We continue to strengthen our operations in Dubai Maritime City, since the formal launch of the Maritime District last year. This partnership will help us take greater strides at promoting the region as a global maritime," said Khamis Juma Buamim, Chairman of Drydocks World and Maritime World.