The Dubai Maritime Cluster Office (DMCO) of Dubai Maritime City Authority (DMCA) and the Irish Maritime Development Office (IMDO) have signed a memorandum of understanding (MoU) to strengthen collaborations.
Under the MoU, the partners will help promote trade, carry out joint initiatives, and promote research to build a smart and sustainable maritime platform for offshore operations and businesses.
The entities will collectively promote trade across infrastructure and maritime spectrum around the world and recognise mutually beneficial initiatives in key maritime areas.
Furthermore, the partners will work on promotional and networking efforts during local and international trade events and conferences. These initiatives will aim to facilitate new cooperation between organisations, promote increased trade, and enhance connectivity.
The MoU also includes mutual referral of business opportunities in each party’s specialist fields, research activities focusing the socio-economic benefits of a sustainable maritime industry, and finding reciprocal investment opportunities for Irish and Dubai maritime firms.
Irish Maritime Development Office director Liam Lacey said: “The IMDO welcomes the opportunity to work with the DMCA and looks forward to cooperating and collaborating with the DMCA to the benefit of both our maritime economies.”
DMCA executive director Amer Ali said: “Our strategic collaboration with IMDO is an opportunity for us at DMCA and Dubai Maritime Cluster Office to further foster innovation and research in Dubai’s maritime community, as well as continuously implement enhanced global best maritime practices.
“Through this collaboration, Dubai will benefit from Ireland’s vibrant knowledge and innovation economy, as well as world-class business eco-system, particularly in emerging sectors such as deep tech, artificial intelligence, big data, and blockchain.
“Our ties will help accelerate our efforts to build a vibrant and safe maritime environment and will be instrumental in enhancing Dubai’s position as a leading centre of maritime sectors worldwide.”