Dubai is reportedly examining the possibility of establishing a $1bn investment fund to boost the domestic shipping industry.
Financial sources told Reuters that Dubai Maritime City Authority (DMCA) wants to help owners buy ships and launch IPOs or mergers.
"There is interest in this idea. At this stage it is fact finding," a source said.
DMCA has not commented, but another source said initial talks had taken place and an advisor could be sought through a tender in the coming months.
