| Type | Holding Company |
|---|---|
| Industry | Shipbuilding |
| Founded | 2007 |
| Headquarters | Abu Dhabi, UAE |
| Key people | H.E. Ahmed Darwish Al Marar, Chairman Iskandar Safa, Managing Director & CEO |
| Products | Ships, Submarines, Frigates, mega-yachts, Ship repair |
| Employees | 2000 (2010) |
| Website | Abu Dhabi MAR |
Abu Dhabi MAR (ADM) is a holding company, founded in 2007 and based in Abu Dhabi, UAE. It is a shipbuilding group with an international presence and one of the leading shipbuilders in the Persian Gulf.
The group employs 2,000 people and specializes in the construction of frigates, mega-yachts and shiprepairs. The docks owned by the group can handle ships up to a total length of 200 meters.
The shares of the holding company are held jointly by the Al Ain International Group LLC (70%) and Privinvest (30%). H.E. Ahmed Darwish Al Marar is the Chairman and Iskandar Safa, the driving force of the group is its Managing Director & CEO. The group’s order book exceeds one billion euros.[1]
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A holding company under the umbrella of Abu Dhabi MAR was founded in 2007, backed by the financing of two entities, Al Ain International Group LLC (70%) and Privinvest (30%)[1]. Its principals have, for over 20 years, owned the French shipyard, CMN, in Cherbourg, France.
In 2008, Abu Dhabi MAR group enters into a shipbuilding venture, ADMShipyards, set on prime property across a deep-water channel from Abu Dhabi's main shipping terminal, Port Zayed.[1]
In July 2009, the group acquired more than 90 percent of Nobiskrug shipyard in Rendsburg, Germany.[1][2]
In October 2009, the group signed a MOU with ThyssenKrupp Marine Systems that involves the establishment of a 50/50 joint venture for the construction of naval surface ships.[3].As per the partnership agreement signed by the two companies, the 50/50 joint venture would see TKMS retain a lead role and know-how in all projects with the German Navy and NATO partners, while Abu Dhabi MAR Group was responsible for the Middle East and North Africa (MENA)[3]. It was also agreed that Abu Dhabi MAR would be acquiring 80% of TKMS’ key surface ship firms: Blohm + Voss Shipyards, Blohm + Voss Repair GmbH, and Blohm + Voss Industries.[4]
In March 2010, the Greek government announced that TKMS will sell a 75.1 percent of if its Greek subsidiary Hellenic Shipyards Co. at Skaramangas to Abu Dhabi MAR.[5][6]. The acquisition was completed on September,2010[7][8].
In April 2010, a contract was signed between the Group and TKMS , which included the acquisition 80% share in each of Blohm + Voss Repair and Blohm + Voss Industries in Hamburg and the civil shipbuilding facilities of the former Howaldtswerke-Deutsche Werft (HDW), which include the employees in Kiel[9].
In July 2011, ThyssenKrupp announced that the deal between Abu Dhabi MAR to buy the Blohm + Voss civilian shipbuilding assets of TKMS and a separate planned 50/50 joint venture to sell naval surface ships to the Middle East and North Africa has fallen apart[10][11]. However, an existing deal for ADM to buy the civilian shipbuilding assets from HDW Gaarden in the northern German city of Kiel remains in place.[12][3][13]