• Home
• /
• Business

Dubai Marina industry sees fastest growth in the world

"The region's coastline is changing as we speak and the already constructed 2,500 berths in the UAE alone are expected to double by the end of this year. This paints a very impressive picture for the future of the marina industry and companies associated with it," added Lane, on the sidelines of the ongoing Waterfront 2008.

To cater to the growing demand in marine construction, Septech Emirates will invest significantly in 2008 to expand its marine services and set up a new facility in the Northern Emirates to boost its current production capacity by 400 per cent. "Septech recently increased the production of its existing marine factory from 250 berths to 5,000 berths per year. However, this is not enough to accommodate the tremendous growth in waterfront developments. As a result, we have decided to set up a new facility, which will be operational in 2009. This new facility aims to further increase our marine production capability to around 25,000 berths per year," said Lane.