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DMC, Dubai World ink deal

Dubai Maritime City, the world's first purpose-built maritime center and a member of the Dubai World Group of companies, has announced the signing of a contract that grants Drydocks World-Dubai exclusive rights to run and manage Dubai Maritime City's industrial precinct. Under the terms of the contract, Drydocks World-Dubai will manage all components of the industrial precinct, including wet berths, dry berths, workshops, warehouses, the 3,000-ton and 6,000-ton ship lifts, the ship lift control building, central administration building and covered yacht repair area, according to a statement.