Dubai, Nov.7th,2007 (WAM) -- Drydocks World, a subsidiary of Dubai World, has announced that it has successfully completed the setting up of a new group under its umbrella.

It is now firmly established as a leading and expanding international player in ship repair, conversion, new building and other marine related activities.

Geoff Taylor, CEO of Drydocks World, said Drydocks World will monitor, control and set procedures in respect of finance, HR and other common functions in group companies. Those in the group at present include Drydocks World Dubai, which is an amalgamation of Dubai Drydocks and Jadaf, Drydocks World Singapore, formerly Pan United Marine, Drydocks World Batam, a green field development in Indonesia, Platinum Yachts FZ and Platinum Yacht management.

Drydocks World Dubai is the complete amalgamation of Jadaf Shipyard and Dubai Drydocks. These companies started operations in 1979 and 1983 respectively, and, from humble beginnings have grown to become international and regional leaders in their own fields. Jadaf have always served the smaller vessel owners whilst Dubai Drydocks, with the largest repair docks in the world, have focused on the upper end of the market.

Hamed Bin Lahej, COO of Drydocks World, explained that the huge investment in Drydocks World Dubai, which now boasts 3 graving docks, two floating docks, a 120 metre load in / out hydra lift, a 3,000 and 6,0000 tonne shiplift, 44 dry berths, three of which are covered for mega yacht building and repair, a 700 tonne yacht lifter, and 6 kilometers of wet berths will further establish Dubai as a major maritime hub. This ship repair, conversion and new building group will be able to service vessels of any shape or size from VLCC's, offshore structures right down to water taxis and privately owned pleasure craft.

With solid experience across all sectors of the business and the dramatic increase in the world's fleets, Drydocks World group is poised to become a marine industry giant.