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Abu Dhabi, UAE: Abu Dhabi Ship Building PJSC (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial vessels, and Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sector, today signed a Memorandum of Understanding (MoU) to create an industrial entity to strengthen maritime projects in the UAE and across the GCC.
Dr. Khaled Al Mazrouei, Chief Executive Officer of ADSB and Dr. C.S Kim, President and Chief Operating Officer of Drydocks World, signed the agreement to establish a strategic partnership to support the local maritime services and industries. The MoU aims to enhance knowledge transfer and capabilities exchange between the two companies and is the basis for future cooperation agreements.
Commenting on the occasion, Al Mazrouei said: "This agreement is a testament of ADSB's regional naval and commercial maritime expertise. We are excited to partner with Drydocks World. It will open new horizons for establishing cooperation between our two companies, and will support the national economy in maritime services. I am confident in the success of our new partnership offering best-in-class naval and commercial vessel maintenance services to the GCC and beyond."
Dr. Kim noted: "Drydocks World is investing in quality management systems to improve efficacy of our navigational and maritime services that will shape the future of the industry, locally and internationally. Our strategy is to promote the value of quality and become and even more globally competitive company. Together with ADSB we will offer the best international quality for years to come."
ADSB and Drydocks World will work together to achieve strategic growth in the UAE maritime sector. In line with the UAE leadership's vision to achieve distinction in this sector via acquiring more projects of mutual interest.
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About Abu Dhabi Ship Building Company (ADSB)
Abu Dhabi Ship Building Company PJSC (ADSB) provides construction, repair and refit services for naval, military and commercial vessels. Established in 1996 and headquartered in Abu Dhabi, UAE, ADSB was originally formed to support the repairs and refits of UAE Navy vessels. Joint ventures and service agreements with world renowned companies allow ADSB to provide world-class support services to GCC maritime security forces. Quality in production and safety in its operations are the main priorities in the company.
ADSB leverages its reputation, central location and global network of strategic partners to consolidate its position as a leading shipbuilder and support contractor for naval, military and commercial operators in the region.
ADSB is, 10 percent by Abu Dhabi's government, 40 percent owned by Mubadala Development Company, and 50 percent publicly traded on the ADX, Abu Dhabi's Securities Exchange. The company employs more than 1,200 employees
To learn more about ADSB log onto: www.adsb.ae
About Drydocks World
Over the past 33 years Drydocks World-Dubai has become a leading provider of marine and offshore services to the shipping, oil, gas and energy sectors. Conceived as an ambitious project under the guidance of H.H. Sheikh Rashid Bin Saeed Al Maktoum the late Ruler of Dubai, the yard is located in a strategic location and in one of the most rapidly developing regions of the world.
Drydocks World maintains stringent HSEQ and operational excellence standards as part of our customer-centric approach, which leverages the yards world-class infrastructure to exceed the expectations of clients. The dedicated 10,000+ workforce and state-of-the-art-facilities at Drydocks World on average complete over 300 projects per year, with a record of handling 42 refurbishment projects simultaneously. The yard is spread over 200 hectares, 4 drydocks and the largest dock can handle the world's largest ship and over 3,000m of berth space. Innovative projects for key global players have been constructed in Drydocks World, breaking records for some of the largest new build offshore fabrication projects worldwide.
In recognition of our excellent services and world-first projects, Drydocks World has received numerous awards and accolades including consecutively winning the prestigious Mohammed Bin Rashid Al Maktoum Business Award 2015 in the manufacturing category, which is the highest level of national recognition for business performance excellence in the UAE. In addition, Drydocks World has been honored with the prestigious "5 Star" rating from British Safety Council and the BSC Sword of Honor for the past 11 years, as well as the International Business Excellence Award - 2015 for Innovative solutions and the International Seatrade Awards- 2015 for Clean Shipping. Drydocks World has achieved significant recognition for the accomplishments of the organization, and looking forward the business aims to achieve further success for the UAE's maritime industry, positioning Drydocks World as an international yard of choice.
For more information, Media Contact:
Sumaya Tahlak
Corporate Communications Manager
Drydocks World - Dubai
Tel: 009714-3450626 / 971504741222
E-mail: Sumaya.Tahlak@drydocks.gov.ae
Web site: www.drydocks.gov.ae
© Press Release 2016
