Abu Dhabi Ship Building (ADSB) and Navantia signed on 17th. November, a Memorandum of Understanding (MoU) regarding the cooperation in identification and management of future business opportunities for ship building and services related projects for the UAE Navy and other Gulf countries.
The collaboration of this agreement includes the following areas:
The MoU was signed between ADSB Chief Executive Officer, Dr. Khaled Al Mazroui and the Commercial Vice-president of Navantia, Mr. Gonzalo Mateo-Guerrero at Dubai Air Show. The aim of this MoU is to support and optimize Naval Ship Building, maintenance, repair and refit activities across all UAE maritime forces.
ADSB is also keen to look outside the UAE borders and provide similar solutions to complex Naval fleets across the region.
This MoU is to be considered as a preliminary understanding for future agreements for naval projects in UAE and the GCC countries and provides excellent opportunity for ADSB and Navantia to demonstrate their joint expertise in the UAE and Gulf Region with a view to achieve long term relationship working closely with major Navies of the region.
The agreement represents the strong commitment of ADSB and Navantia for collaboration and being part of the development of naval capabilities in the GCC countries.
The cooperation between both companies will strengthen the industrial capabilities of UAE in the Defence sector, particularly in the naval field.
Navantia is currently participating in 2 tenders, for the construction of 7 landing crafts and 6 multi-mission corvettes.
Navantia, November 18, 2013