Dubai’s Drydocks to build warships in Asia

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Drydocks World, the Middle East’s largest shipbuilding and ship repair company based in Dubai and subsidiary of the Dubai World conglomerate, is preparing to enter joint ventures in Indonesia and other Southeast Asian countries to build warships, yachts and support vessels for the international market.

The company said on September 22 in a release that is has signed an agreement with Privinvest Holding, a Lebanon-based investment company focused on technology and service ventures, which has stakes in ship construction and design companies in the Mediterranean, the Gulf, Germany, France and the UK.

According to the release, the two companies would launch “companies specialised in building warships, yachts and support vessels in Southeast Asia in general and Indonesia in particular.”

This is Drydocks World’s second Southeast Asia venture this year. In June, it announced plans for a joint venture between its Southeast Asian operations and Pacific Carriers, an Asian shipping company owned by Malaysian tycoon Robert Kuok, to be set up in Singapore. Drydocks World also owns three ship yards in Indonesia, at Tanjung Uncang on the northwestern coast of Batam Island.

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Reading Time: 1 minute

Drydocks World, the Middle East’s largest shipbuilding and ship repair company based in Dubai and subsidiary of the Dubai World conglomerate, is preparing to enter joint ventures in Indonesia and other Southeast Asian countries to build warships, yachts and support vessels for the international market.

Reading Time: 1 minute

Drydocks World, the Middle East’s largest shipbuilding and ship repair company based in Dubai and subsidiary of the Dubai World conglomerate, is preparing to enter joint ventures in Indonesia and other Southeast Asian countries to build warships, yachts and support vessels for the international market.

The company said on September 22 in a release that is has signed an agreement with Privinvest Holding, a Lebanon-based investment company focused on technology and service ventures, which has stakes in ship construction and design companies in the Mediterranean, the Gulf, Germany, France and the UK.

According to the release, the two companies would launch “companies specialised in building warships, yachts and support vessels in Southeast Asia in general and Indonesia in particular.”

This is Drydocks World’s second Southeast Asia venture this year. In June, it announced plans for a joint venture between its Southeast Asian operations and Pacific Carriers, an Asian shipping company owned by Malaysian tycoon Robert Kuok, to be set up in Singapore. Drydocks World also owns three ship yards in Indonesia, at Tanjung Uncang on the northwestern coast of Batam Island.

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