Tuesday, June 10, 2008

UAE companies shared limelight at Posidonia 2008

Dubai Maritime City, a prime sponsor of this year's Posidonia, professed itself more than happy with the four-day event which drew a record attendance of more than 18,000 visitors.

The city was joined at the show by other prominent UAE organizations such as the Hamriyah Free Zone Authority, Sharjah Ports, Drydocks World Dubai, GMMOS Group and NICO International in promoting the Gulf region’s transformation into a sophisticated global port of call. “Posidonia provided the perfect platform for Dubai Maritime City to raise its profile to the international arena, " said Nawfal Al Jourani, chief marketing officer of DMC. "The global shipping industry recognises the importance of the Middle Eastern corridor, given its strategic location at the middle of major Eastern and Western shipping lanes.” More than 80 countries and territories were represented at the five-day industry event, which attracted 21 national pavilions. DMC used the event to officially launch the 'Maritime Centre' focal point of the 2.27m sq mtr development, intended to launch shipping company headquarters and regional offices in five high-rise towers. Authorities from neighbouring emirate Sharjah were also happy with the show. Hamriyah FZ is the largest free zone in Sharjah, currently covering 23m sq mtr and housing more than 2,700 companies from over 108 countries. Its attractions include 'zero taxation' benefits: no corporate tax, no income tax and no customs duty.

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