Sunday, April 23, 2006

Abu Dhabi Ship Building eyes Coast Guard order (gulf news)

Abu Dhabi: Abu Dhabi Ship Building expects to win a multi-million dirham order from the UAE Coast Guard shortly to build 12 fast patrol boats, a top company official said yesterday.

ADSB also announced it has tied up with the UK's VT Halmatic to set up its new Dh30 million composite vessels facility inaugurated by Shaikh Hamed Bin Zayed Al Nahyan, Chairman of the Abu Dhabi Department of Economy and Planning.

"We are at an advanced stage of negotiation with the UAE Coast Guard for a programme of 12 34-metre GRP fast patrol boats and are hopeful that an order will be placed soon," said William Saltzer, Chief Executive of Abu Dhabi Ship Building.

"Work has started on the first composite vessel," he said without providing details.

He said the new composite vessels facility is the largest and most advanced in the Middle East and this would enable the company to compete strongly in the rapidly expanding military and commercial market in the region.

The new facility at ADSB's base covers 4,650 square metres and is capable of building vessels up to 60 metres in length, the size of some of the world's largest composite vessels.

"Work has already begun on the second phase of the new facility, an outfitting shop that will be used to fit interiors and components to client specifications."

Abu Dhabi Ship Building Composites' first project will be a Halmatic-designed 16-metre fast workboat. With a ramped bow for beach landing and an open deck, it will be capable of transporting two Hummer size military vehicles at a speed of over 30 knots.

VT Halmatic is a world leader in the construction of composite boats.

Currently celebrating its tenth anniversary, ADSB has grown five-fold and currently works with 10 strategic international partners.

"ADSB has built over 100 vessels of different types over the last decade and ongoing contracts exceed Dh2 billion."

The company is pursuing projects in the GCC. "We are in discussion with Saudi Arabia and Bahrain for new projects and naval officials from these countries are visiting ADSB next week for discussions."

JOINT VENTURE
ADSB in partnership with Italian company

Abu Dhabi Ship Building has set up a new joint venture in partnership with an Italian firm called Abu Dhabi Systems Integration, the company's chief said.

"This is the first such company in the GCC providing integrated systems to support not only naval customers but also land and air and civilian customers," said William Saltzer, ADSB Chief Executive.

ADSB has also set up Integrated Logistics Support to provide maintenance, spare parts, packaging, handling, personnel and other related facilities. Outsourcing will also be undertaken.

"We see huge potential for both these new projects."

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