Gulf News

Dubai Drydocks World establishe­d

FOUR UNITS BROUGHT UNDER ONE ROOF TO CONSOLIDAT­E THE INDUSTRY

- Staff Report

Dubai World has consolidat­ed its drydocks and maritime business by bringing Dubai Drydocks, Al Jadaf Shipyard, Platinum Yachts FZ and Platinum Yacht Management under a single umbrella — Dubai Drydocks World (DD World), a statement said.

“The decision to establish Dubai Drydocks World is a reflection of the ambitions to expand the group both regionally and internatio­nally with partnershi­ps, acquisitio­ns and management contracts,” the statement said.

Dubai World, which runs DP World, the world’s third largest port operator, yesterday announced the es- tablishmen­t of Dubai Drydocks World (DD World) to consolidat­e the dry docks and maritime sector of the organisati­on. All of these business units have aligned activities, which involve ship repair, conversion and ship building.

Strong demand

“The move to establish Dubai Drydocks World is aimed at facilitati­ng group strategy, policy and financial and operationa­l control of business units that have aligned activities.

It is a response to the increasing worldwide demand for high quality shipping and maritime services.

“We are confident DD World will be a dominant player in the internatio­nal market in the near future,” Dubai World chairman Sultan Ahmad Bin Sulayem, said in a statement

Dubai Drydocks, a Dubai government-owned entity, has been operating since 1983 and has grown from humble beginnings into a world leader in the ship repair and conversion business.

Following the completion of a Dh300 million ($81 million) expansion project, it is also establishi­ng itself as a major ship builder.

The company employs over 8,500 skilled artisans and is well respected within the maritime industry for providing a service, which fully meets the clients’ requiremen­ts.

 ?? ASGHAR KHAN/Gulf News ?? Dubai Drydocks, a Dubai government-owned entity, has been operating since 1983 and has grown from humble beginnings into a world leader in the ship repair and conversion business.
ASGHAR KHAN/Gulf News Dubai Drydocks, a Dubai government-owned entity, has been operating since 1983 and has grown from humble beginnings into a world leader in the ship repair and conversion business.

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