Dubai’s Drydocks to build warships in Asia

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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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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

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