UAE provider of shipbuilding and shiprepair services Abu Dhabi Ship Building PJSC (ADSB) has penned a Memorandum of Understanding (MoU) with Drydocks World to establish an industrial entity to strengthen maritime projects in the UAE.
Under the MoU, the two parties plan to enhance knowledge transfer and capabilities exchange.
The MoU should serve as the basis for future cooperation agreements as the duo endeavors to support the local maritime services and industries, the parties said in a press statement.
According to Khaled Al Mazrouei, Chief Executive Officer of ADSB, “This agreement will open new horizons for establishing cooperation between our two companies, and will support the national economy in maritime services. I am confident in the success of our new partnership offering best-in-class naval and commercial vessel maintenance services to the GCC and beyond.”