Abu Dhabi Ship BuildingAbu Dhabi Ship Building

BAE SystemsBAE Systems

It will be the first joint venture of its kind in the Arabian Gulf Region where a locally-based, world class, naval shipbuilding company has teamed with one of the world's leading providers of through-life naval support services.

A Memorandum of Understanding (MoU) was signed to lay the foundations for the new company to be established in Abu Dhabi in 2009.

It will offer a range of naval support services across the full spectrum of integrated logistics support and training as well as outsourcing solutions for base facilities to support the marine fleets of navies, coast guards, marine police, homeland security organizations, special forces and other key commercial customers; not only in the UAE, but to the whole of the GCC region.

Abu Dhabi Ship BuildingAbu Dhabi Ship Building Board Chairman HE Abdulla Nasser bin Huwaileel Al Mansouri said: "ADSBADSB is already an important strategic asset for naval customers in the GCC.

"Through this joint venture with BVT, we will be able to increase the level of support for our clients, allowing them to focus their efforts on the important duty of protecting the UAE and the GCC countries.

ADSBADSB's Chief Executive Officer William Saltzer said: "This joint venture between ADSBADSB and BVT will have the local presence, capability and experience to bring a whole new level of naval fleet support to the region. Our aim is to help our GCC customers achieve both greater operational availability of their fleets and cost savings at the same time."

"Military vessels and the equipment carried on board are complex and sophisticated requiring a high degree of support. Today's realities demand their utmost availability. This joint venture is aimed at offering military and para-military clients a local provider of total naval support services to maintain their vessels, maximize availability and to run their non-core base activities and facilities economically to support their fleets."

Sir John Parker, Non-Executive Chairman of BVT, said "BVT is already an important strategic naval through-life partner for the UK Ministry of Defence and a number of other Navies around the world. Combining this expertise with ADSBADSB's first class facilities, experience and regional knowledge will establish a world-class provider of naval support services for customers in the Gulf region".

BVT Chief Executive, Alan Johnston CBE, said "This is a significant strategic move for BVT and, once formed, the Joint Venture will greatly enhance our customer base and global footprint.

"Together, BVT and ADSBADSB will provide a high level of expertise to address the growing demand for enhanced through-life naval support from military and para-military organisations in the region".

Once the Joint Venture is operational, BVT and ADSBADSB will be fully committed to the effective transfer of technologies, processes, systems and skills in the field of naval support services to the JV and to plan for its Emiratisation. This new Abu Dhabi based JV will also strive to work in close cooperation with customers in the other GCC countries and form partnerships and alliances in those countries to develop the local support capabilities needed there as well.

-Ends-

About Abu Dhabi Ship Building
Abu Dhabi Ship BuildingAbu Dhabi Ship Building, a UAE Public Joint Stock Company, was established in 1996 and operates the most modern naval shipyard on the Arabian Gulf. ADSBADSB is the only shipyard in the region with the capability to build, refit, repair and upgrade complex naval warships.

The company is successfully providing products and related services to Navies, Coast Guards, and other military, para-military and commercial vessel operators throughout the GCC Region.

ADSBADSB is listed on the Abu Dhabi Securities Exchange (ADX) and its current shareholding is 40% by Mubadala, 10% by the Abu Dhabi Government and 50% by several thousand individual shareholders.

About BVT Surface Fleet
BVT Surface Fleet (BVT) was established in mid 2008 and brings together the surface warship design, build and through-life support operations of BAE SystemsBAE Systems and VT Group, including their previous Joint Venture, Fleet Support Limited, the long-term strategic operational partner for the Royal Navy at Portsmouth Naval Base.

BVT is the UK's leading provider of surface warships and through-life support, a world class industrial partner and a leader in the global export market for warships and innovative naval surface ship support. This, combined with their logistic support capability, ship reactivation and track record of managing infrastructure and dockyard operations enables BVT to deliver across the entire life cycle of a vessel.

For more information, please contact:
William Stewart
ADSB
Vice President Marketing
Tel. +971 2 5028000
Mob. +971 50 6687336
Email: stewart_w@adsb.ae

Website: www.bvtsurfacefleet.com
Charles Thompson
BVT Surface Fleet
Tel: +44 (0) 141 957 4449
Mob: +44 (0)7736 810933
Email: charles.thompson2@bvtsurfacefleet.com

© Press Release 2008

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