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Article: Region's maritime industry 'weathering the storm'
- Article from:
- Al Bawaba
- Article date:
- October 15, 2009
CopyrightCopyright 2009 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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Impact of global economic crisis on shipping and ports in region
and prospects for recovery under spotlight at Middle East Money &
Ships conference
Confidence was voiced today (Wednesday 7 October 2009) that the
Middle East shipping and port industries, battered by the global
trade slowdown and economic turmoil, will "emerge stronger than
ever" from the crisis. "We are weathering the storm," Mohammed Al
Muallem, Senior Vice President and Managing Director of DP World,
United Arab Emirates region, told delegates in a keynote address at
the Middle East Money & Ships conference taking place at the Grand
Hyatt Hotel in Dubai. "I am confident that recovery is on the way
and we are much better ...