INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Abu Dhabi Ship Building signs MoU

ADSB operates three main naval programmes: Corvettes, offshore patrol vessels and fast interceptor vessels. (ADSB)
  • They will build a range of interceptors, landing craft, and rigid-hull inflatable boats (RHIBs) for Indonesia’s naval and coast guard requirements.
  • ADSB operates three main naval programmes: Corvettes, offshore patrol vessels and fast interceptor vessels.

Jakarta, Indonesia– Abu Dhabi Ship Building (ADSB), an EDGE entity, today signed a Memorandum of Understanding with PT PAL Indonesia, Indonesia’s state-owned shipbuilder, to build a range of interceptors, landing craft, and rigid-hull inflatable boats (RHIBs) for Indonesia’s naval and coast guard requirements.

The deal was signed by Maktoom Al Shehhi, Director of MRO at ADSB and Dr. Kaharuddin Djenod, CEO of PT PAL Indonesia, on the second day of the Indo Defence Expo & Forum 2022, being held at JIExpo Kemayoran in Jakarta, Indonesia, until 5th November.

ADSB operates three main naval programmes: Corvettes, offshore patrol vessels and fast interceptor vessels. The company also provides a full range of services, including maintenance, repair and refit, upgrade and conversion, as well as design and engineering consultancy.

David Massey, CEO of ADSB, said, “Our cooperation with PT PAL clearly strengthens our investment in Indonesia and the global export success of our world-class vessels.”

Dr. Kaharuddin Djenod, CEO of PT PAL Indonesia, said, “We are pleased to sign this MoU with Abu Dhabi Ship Building, which will support our objective of strengthening the Indonesian naval and defence industry. This collaboration will strengthen PT PAL’s role in mastering naval technology in Indonesia.”