The United Arab Emirates has signed a 3.5 billion dirham ($950 million) contract with Abu Dhabi Ship Constructing (ADSB) to fabricate 4 new patrol vessels for the Gulf Arab state’s navy, ADSB mentioned on Tuesday.
The Falaj 3-class Offshore Patrol Vessel contract was ADSB’s largest ever order, which Chief Govt David Massey mentioned gave it a sustainable and worthwhile future for the subsequent 5 years.
ADSB will construct all 4 hulls in Abu Dhabi, the UAE capital, and is chargeable for integrating methods, he mentioned.
Massey informed Reuters ADSB first entered into talks with the UAE for the vessel contract six years in the past and that over the previous two years the edges had been negotiating the phrases of the award.
ADSB was additionally in talks with the UAE for a number of improve and refit awards and was hopeful it might announce later this 12 months or early subsequent 12 months an export deal for smaller vessels, he mentioned.
ADSB, 40% owned by state protection conglomerate EDGE and 10% owned by the Abu Dhabi authorities, has constructed Baynunah-class corvettes for the UAE navy, the final of which it mentioned was delivered in 2017.
($1 = 3.6726 UAE dirham)
(Reporting by Alexander Cornwell; modifying by Jason Neely, Louise Heavens, Kirsten Donovan)