|Grandweld, Drydocks sign lease agreement|
|Thursday, 30 September 2010 16:33|
UAE-based shipbuilding, ship repair and conversion specialist, Grandweld, and Drydocks World Dubai have signed a long-term ground development lease agreement (Musataha) for a shipbuilding and ship repair facility at the Industrial Precinct of Dubai Maritime City (DMC).
At a ceremony held at the Intercontinental Hotel in Dubai Festival City, the agreement was signed by Jamal Abki, General Manager of Grandweld, and Hamad Al Maghrabi, Managing Director of Jadaf Dubai and Director Shiplift.
Under the Musataha lease agreement, Drydocks World Dubai leases DMC – Industrial Precinct plots SR 1 and 2, measuring 27,055 metres-squared, to Grandweld for a period of 25 years.
“Grandweld, with two and a half decades of expertise in shipbuilding, repair and conversion, is taking a new step by signing the Musataha agreement,” Jamal Abki said.
“The new facility in DMC is an additional milestone for Grandweld and will allow us to double our shipbuilding capacity. Moreover, it offers us extra capacity for docking larger vessels at the ship repair facility that has full and free access to the Arabian Gulf,” he said.
Latest Book Reviews
- Pollution Prevention From Ships: 30 Years of HELMEPA and MARPOL
- French Designs On Colonial New South Wales: François Péron’s Memoir on the English Settlement in New Holland, Van Diemen’s Land and The Archipelagos of the Great Pacific Ocean
- Through Albert’s Eyes: Volume 2 of the British Navy at War and Peace
- Coping With Piracy: Maritime Security Handbook
- Salt Of The Sea: Tales from Commercial Fishermen
- Doctor On Board: Your Practical Guide to Medical Emergencies at Sea
- The Woodhen: A Flightless Island Bird Defying Extinction
Latest CommentsKenny: Mermaid Sapphire is not a Mermaid Marine Australia vessel. The vessel is owned by Thai Company with ...
Rob simm: How does seeing a vessel operating outside of Australia in Sakalin, have anything to do with the MUA...
Dan Westerlund: To be noted that bigger (wider) ships can be built in Turku than in Papenburg. There have been negot...
Richard Stretch: Hi I am looking for information regarding Robert Farquhar.He was working at Walkers Limited earley i...