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Abu Dhabi wins deals to build, upgrade ship for Kuwait Navy
ABU DHABI — Kuwait has picked up Abu Dhabi Ship Building, or ADSB, to carry out its Landing Craft programmes.
The programme involves the supply of two 64-metre Landing Craft, one 42-metre Landing Craft and five 16-metre Composite Fast Landing Craft. All vessels will be constructed at ADSB’s world class facility in Abu Dhabi, says an announcement made by ADSB, one of Mubadala’s defence-related companies.
The total contract programme is approximately 24 months, and construction is anticipated to start in mid-2013.
Speaking on the development, Ian Pike, chief executive officer of ADSB, said: “Abu Dhabi Ship Building has been working hard on this programme requirement for some time.
He appreciated the Kuwait Ministry of Defence and the Kuwait Naval Force for their confidence in the Abu Dhabi Ship Building Company.
After several delegation visits to ADSB, the Kuwait Naval Commander Brigadier-General Jassim Al Ansari said: “We are extremely pleased to advise of our co-operative discussions with ADSB for our new programme requirement.”
Al Ansari said Kuwait navy recognises ADSB as a highly professional company and will look forward to concluding our discussions positively in the very near future.
The shipbuilder bagged two major contracts at the International Defence Exhibition and Conference. Abu Dhabi Ship Building Company, which is listed on Abu Dhabi Securities Exchange, was picked up to upgrade the Baynounah class warships in a deal worth Dh265 million.
The UAE Armed Forces had signed a deal to purchase the naval defence system RAM and had signed an agreement with Abu Dhabi Ship Building Company, which will acquire and install it on the naval ships. The value of the deal is Dh375 million.
The ship builder not only repairs and refits the UAE Navy vessels but now has a portfolio of construction and refit projects worth over Dh3 billion.
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.
The company is 40 per cent owned by Mubadala, 10 per cent by Abu Dhabi’s government and 50 per cent publicly traded on the UAE’s stock exchange.
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