$ 200 Billion Arab Investments in Shipbuilding

  • Arab Countries
  • 8 August 2023
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The Union of Arab Chambers, represented by the First Economic Advisor of the Union, Dr. Sarah El-Gazzar, participated in the workshop organized by the League of Arab States, in cooperation with the Suez Canal Authority and the Arab Academy for Science, Technology and Maritime Transport.

Speakers at the workshop revealed that the total Arab investments in the field of shipbuilding, during 2022, amounted to nearly $ 200 billion.

The workshop, which discussed the study of an Arab mechanism to support the industry, repair and construction of ships, was held at the Maritime Simulation and Training Center of the Suez Canal Authority in Ismailia, and in implementation of Resolution 516 issued by the Council of Arab Ministers of Transport in its session on November 35, 2022. The workshop witnessed the participation of many actors in the Arab maritime transport community, and included ambassadors and representatives of ministries of transport in 15 Arab countries, and companies specialized in the field of ship repair and maintenance.

Source (Al-Khaleej Emirati Newspaper, Edited)

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