Syed Ali Haider Zaidi, Federal Minister for Maritime Affairs of Pakistan announced that the government had set a goal to transform Pakistan into a major maritime economic power via the development of the blue economy.
Saudi Arabia looks forward to strengthening its partnerships with the member states of the International Maritime Organization (IMO)
Sri Lanka has called for an overarching security architecture tasked to mitigate regional security challenges in the Indian Ocean Region, giving priority to the littoral states and sensitive to the interests of all maritime users of the Indian Ocean.
In support of its strategy to empower the Arab maritime sector with academically-qualified professionals, study has started at the Arab Academy for Science, Technology and Maritime Transport in Sharjah.
Dubbed as the ‘new frontier of African renaissance’, the maritime industry has huge economic potential across the continent and five countries in particular are poised to benefit
Wind power markets in the Middle East will add 12 GW of new capacity between 2018 and 2027, although the majority of this market is onshore, there is still a potential for offshore wind projects in the region.
Countries bordering the Indian Ocean are home to 2.5 billion people. The UAE is a highly influential trading hub for the Middle East, Africa and Asia, with an appropriately strategic location which facilitates and eases daily business and the prospect of major international collaborations.
While the UAE is seen as an oil-rich country, its government has put climate change and the environment as a top priority in the national agenda and future development strategy. The UAE has made great strides in algae biofuel technology, which is an attractive proposition for Middle Eastern countries to offset the environmental impact of their respective oil and gas sectors.
13% of the world’s wild-caught fish comes from the Indian Ocean. The UAE promotes the development of sustainable fisheries where fish processing for re-export has begun to grow in recent years.
The UAE currently spends nearly Dh12 billion ($3.25 billion USD) per year on water desalination, if this deep water technology can be harnessed for supplying the GCC it could also offer a solution to the growing salinity of the Arabian Gulf.
10% of the world’s total oil reserves are in the UAE, as are the world’s sixth-largest natural gas reserves. Of the UAE’s 97.8 billion barrels of proved crude oil reserves, 95% is located in Abu Dhabi.