Abu Dhabi MAR

Coordinates: 24°31′40″N 54°23′30″E / 24.527838°N 54.391594°E

Abu Dhabi MAR
Holding Company
Industry Shipbuilding
Founded 2007
Headquarters Abu Dhabi, UAE
Key people
 Ahmed Darwish Al Marar, Chairman
Iskandar Safa, Managing Director & CEO
Products Ships, Submarines, Frigates, mega-yachts, Ship repair
Number of employees
 2000 (2010)
Website Abu Dhabi MAR

Abu Dhabi MAR (ADM), a holding company based in Abu Dhabi, UAE; is a shipbuilding group with an international presence, and one of the leading shipbuilders in the Persian Gulf.

The group was founded in 2007, and employs around 2,000 people. It 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%). The chairman of the group is Ahmed Darwish Al Marar and its managing director and CEO is Iskandar Safa.[1] The group’s order book exceeds one billion euros.[1]

History

A holding company under the umbrella of Abu Dhabi MAR was founded in 2007, backed by the financing of Al Ain International Group LLC (70%) and Privinvest (30%).[1] Its principals have since 1992 owned the French shipyard CMN, based in Cherbourg, France.

In 2008 Abu Dhabi MAR group entered into a shipbuilding venture—ADMShipyards, located 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 the German shipyard Nobiskrug shipyard, based in Rendsburg, Germany.[1][2]

In October 2009 the group signed a MOU with ThyssenKrupp Marine Systems (TKMS) that involved 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 three surface ship firms: Blohm + Voss Shipyards, Blohm + Voss Repair GmbH, and Blohm + Voss Industries.[4]

In September 2010 Abu Dhabi MAR purchased 75.1% of TKMS's Greek subsidiary Hellenic Shipyards Co. at Skaramangas.[5][6][7][8]

In 2011 an agreement was in place for ADM to buy the civil shipbuilding facilities of the former Howaldtswerke-Deutsche Werft (HDW) in the northern German city of Kiel.[3][9][10]

Brands and investments

See also

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 "Abu Dhabi MAR Shipyard". gvpedia.com. July 14, 2009. Retrieved Nov 22, 2011.
  2. ↑ "Abu Dhabi MAR acquires Nobiskrug shipyard". July 14, 2009. Retrieved Nov 22, 2011.
  3. ↑ 3.0 3.1 3.2 "Abu Dhabi MAR Group and ThyssenKrupp Unite". superyachts.com. October 15, 2009. Retrieved November 22, 2011.
  4. ↑ "ThyssenKrupp and Abu Dhabi MAR Group Agree Long-Term Strategic Partnership". thyssenkrupp.com. October 15, 2009. Retrieved Nov 22, 2011.
  5. ↑ Gatopoulos, Derek (March 17, 2010). "Greece: Close to Ending €2.8bn Submarine Dispute". boston.com. Retrieved Nov 22, 2011.
  6. ↑ "Abu Dhabi investors acquired 75.1% stake in Greek Skaramangas shipyards". dubaibeat.com. March 2010. Retrieved Nov 22, 2011.
  7. ↑ "Thyssenkrupp Annual Report 2009/2010, p. 108-109 - Portfolio optimization continued". thyssenkrupp.com. 2010. Retrieved Nov 22, 2011.
  8. ↑ "Thyssenkrupp Press release, Oct. 27, 2010 - Contracts securing the future of Hellenic Shipyards come into effect". thyssenkrupp.com. Oct 27, 2010. Retrieved Nov 22, 2011.
  9. ↑ "Abu Dhabi MAR-German deal 'falls through'". thenational.ae. July 2, 2011. Retrieved Nov 22, 2011.
  10. ↑ "German Shipbuilding Restructured: UAE’s Firm Buys Blohm+Voss". defenseindustrydaily.com. July 7, 2011. Retrieved Nov 22, 2011.

External links

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