Abu Dhabi Ship Building, the leading shipbuilder and naval support services provider in the Gulf region, signed yesterday (Wednesday February 23, 2011) a Memorandum of Understanding (MoU) with Egypt-based DeBirs Yachts, a world-leading manufacturer of timeless and innovative motor yachts, during the ongoing International Defence Exhibition and Conference (IDEX) 2011 at ADNEC.

Under the terms of the MoU, Abu Dhabi Ship Building and DeBirs Yachts agreed to discuss and explore opportunities of collaboration in maintenance, repair and overhaul (MRO) services for super yachts, as well as commercial, naval and other vessels. This will include for example, setting up new state of the art facilities in the region and/or developing ADSB’s existing facilities to establish a world class MRO facility for motor yachts.

Furthermore Abu Dhabi Ship Building and DeBirs Yachts will assess the feasibility and commercial viability of expanding the sales network of DeBirs Yachts in Abu Dhabi in order to increase DeBirs Yachts’ market penetration in the region. The MoU also covers opportunities of collaboration in research and development.

Mohammed Al Junaibi, CEO, Abu Dhabi Ship Building, said: "The MoU may lead to exciting business opportunities for Abu Dhabi Ship Building and DeBirs Yachts as we may leverage our respective core expertise to develop value-added services and expand into the high-growth niche market for luxury yachts and boats. Abu Dhabi Ship Building already has a formidable portfolio in the commercial shipbuilding market and we believe that this MoU may enable us to provide an even wider range of choices and more value-added offerings to our clients."

Rady W. Fahmy, Senior Director and Board Member, DeBirs Yachts, said: "Abu Dhabi Ship Building has an impeccable track record as a leading shipbuilder in the Middle East and we are therefore pleased to jointly explore opportunities of collaboration. With Abu Dhabi Ship Building’s world-class facilities and expertise and wide-reaching presence in the regional market, we are confident that we ultimately will be able to build a strong and lasting brand image in the luxury yacht and boat segment."
 

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