Top regional and international maritime industry leaders, decision makers, and high-level government officials will discuss latest industry developments at the Dubai Maritime Summit, tomorrow (November 2).

The event, being held under patronage of HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, will discuss the present and future of world maritime navigation, with a special focus on best practices in maritime innovation, arbitration and human capital investment, said the organisers.

The summit, which will be held on the side lines of the Dubai Maritime Week 2016, will reveal the winners of Dubai Maritime Innovation Award, a significant new addition to the event which recognises the creativity and innovation in the maritime industry, it said.

Amer Ali, executive director of the Dubai Maritime City Authority (DMCA), said that the summit is an important strategic initiative that promotes cooperation between maritime industry leaders and strengthens the knowledge transfer among experts.

It highlights the exchange of best international practices and innovative solutions which promote competitiveness in the global maritime clustering. He further noted that inaugural edition of the Dubai Maritime Innovation Award follows the UAE’s national efforts to honour innovativeness, creativity and excellence that will drive Dubai as a leader and most innovative city in the world and become the global centre for maritime excellence and innovation.

The summit will include five interactive sessions, with the first session themed ‘The State of the Global Industry’ while the second and third seminar will highlight the ‘Global Shipping Markets,’ and the ‘Launch of the Emirates Maritime Arbitration Centre (EMAC),’ respectively.

Maritime innovation will be the centre of discussion at the fourth seminar themed, ‘Innovation in Shipping Technology’, while the last seminar will tackle ‘Maritime Regulation’ focusing on formulating a clear framework to develop a legislative structure that will spur the industry to keep pace with local, regional and international developments, it added.

The event’s guests include Kitack Lim, secretary general of the International Maritime Organization (IMO); Dr Abdullah Belhaif Al Nuaimi, UAE Minister of Infrastructure Development and chairman of the Federal Transport Authority - Land and Maritime; Sultan Bin Sulayam, chairman of Dubai Ports, Customs and Free Zone Corporation (PCFC) and the chairman of DMCA; and Admiral Mohab Mamish, chairman, Suez Canal Authority and other notable international economic experts, including renowned international economic expert and journalist Todd Benjamin, it stated. – TradeArabia News Service