Search Site

Trends banner

Meraas awards $544m contract

It has been awarded for construction of Design Quarter at d3

Salik 2024 net profit before taxes $348m

The toll operator's revenue increased by 6% to $626 million.

ADNIC okays 45% dividend for 2024

The company achieved its highest ever revenue and net profit.

stc net profit for 2024 $6.58bn

This is an increase of 85.7 percent over the previous year.

e& reports $2.94 billion in net profit

e&’s subscriber base rose 11.7% to 189.3m

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.”