Abu Dhabi Ship Building (ADSB) and Arab Shipbuilding and Repair Yard (ASRY) have signed a memorandum of understanding (MoU) to work together to build new naval auxiliary vessels and port workboats.
The two companies will also establish a joint committee to assess the feasibility of each project.
“This MoU marks a significant step in strengthening collaboration within the region’s maritime industry," said David Massey, CEO of ADSB.
"By combining ADSB’s expertise in naval vessel design and construction with ASRY’s renowned repair and maintenance capabilities, we aim to deliver world-class solutions to meet the evolving needs of our customers.”
“We are delighted to partner with ADSB, a leader in the production of naval and commercial vessels," added Ahmed Al Abri, CEO of ASRY.
"This agreement reflects our shared vision to leverage our complementary strengths to explore new opportunities in naval auxiliary vessels and port craft projects, further advancing the sovereign capabilities of the region’s maritime sector.”