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- USV market valued at AED 3.5 billion (USD 967 million) in 2023.
- The strategic partnership will enhance the competitive advantage for both companies by leveraging uncrewed systems, securing a technological and commercial edge over conventional counterparts.
Abu Dhabi, UAE — Al Seer Marine (ADX:ASM), a worldwide player across multiple marine sectors and L3Harris Technologies (NYSE:LHX), a global leader in the aerospace and defense industry, have reaffirmed their teaming agreement at the Abu Dhabi International Petroleum Exhibition Conference, marking yet another significant milestone in the ongoing evolution of their strategic partnership. This continued collaboration serves to fortify their strong relationship, underscored by the successful execution of numerous projects over the past six years.
The renewal of this new agreement will capitalize on L3Harris' extensive international experience in the design and deployment of uncrewed platforms and will enhance Al Seer Marine's ability to continue manufacturing and delivering Unmanned Surface Vessels (USV) across various markets in the Gulf Cooperation Council (GCC) region.
“The surge in the adoption of unmanned systems within the local and regional markets is propelling market growth. Companies are making substantial investments in the development and procurement of unmanned systems over manned alternatives due to their risk mitigation benefits and enhanced operational accuracy. Therefore, this agreement aligns seamlessly with our strategic business objectives,” said Guy Neivens, CEO of Al Seer Marine.
Uncrewed and autonomous systems are revolutionizing the traditional maritime sector, resulting in improved safety measures and economically sustainable commercial operations. The uncrewed surface vessel (USV) market is a rapidly evolving industry, valued at USD 967 million in 2023 and projected to reach USD 2.75 billion by 2030.
The partnership renewal emphasizes Al Seer Marine's dedication to its Maritime Autonomous Center of Excellence, effectively bridging the gap between manufacturing and the maritime industry. In another recent innovation, Al Seer Marine is initiating the commissioning of one of the world's largest robotic 3D printers — a groundbreaking endeavor that will greatly accelerate maritime platform production. Al Seer Marine's Training Institute also offers Abu Dhabi Technical and Vocational Education and Training (ACTVET), encompassing a comprehensive array of programs for maritime uncrewed operator training and technical maintenance.
The renewal of this agreement shows the strength of our partnership and commitment to deliver maritime autonomy and long-term sustainment in the UAE and GCC region.
About Al Seer Marine:
Al Seer Marine Supplies and Equipment is a publicly listed company in the Abu Dhabi security exchange market (ADX: ASM); established in 2003 and is headquartered in Abu Dhabi, UAE. Al Seer Marine is a leading global marine company headquartered in Abu Dhabi, with a portfolio of services including the management and training, construction of vessels, high-tech boatbuilding, unmanned systems development, and manufacturing. Al Seer Marine employs more than 1,200 people onboard and ashore from more than 50 nationalities.
About International Holding Company
IHC was founded in 1998 as part of an initiative to diversify and develop non-oil business sectors in the UAE and has grown to become the most valuable listed holding company in the Middle East with a market cap of AED 864 billion as of June 30, 2023. The company endeavors to implement sustainability, innovation, and economic diversification initiatives across what is now one of the region's largest conglomerates. IHC is included in FTSE ADX 15 Index (FADX 15), representing the top 15 largest and most liquid companies on the ADX.
IHC has a clear objective of enhancing its portfolio through acquisitions, strategic investments, and business combinations. Comprising more than 444 subsidiaries and over 126,000 employees, IHC seeks to expand and diversify its holdings across a growing number of sectors, including Asset management, Healthcare, Real Estate and Construction, Marine and Dredging, IT and Communications, Financial Services, Food Production and Service, Utilities, and Services. With a core strategy to enhance shareholder value and achieve growth, IHC drives operational synergies and maximizes cost efficiencies across all verticals – it also continues to evaluate investment opportunities.
www.ihcuae.com
Media Contacts
| Ahmad Ibrahim | Mary Khamasmieh |
