Landlords are increasingly offering options to pay rent in four or more cheques, helping tenants spread out their costs and manage their budgets
realty3 hours ago
The project, being undertaken at Abu Dhabi Ship Building’s world-class ship building facility in Mussafah, Abu Dhabi, has helped strengthen its reputation as a world-class builder of various Naval Ships, particularly after the company won the contract for both 42-metre Naval Landing Craft and two 16-metre Fast Landing Craft in late 2008 against strong competition from international shipyards.
The 42m vessels are designed to carry troops and vehicles, and can be used for cargo transportation and for beach landing in the coastal waters. Abu Dhabi Ship Building previously built and delivered two similar vessels that are now in service with the UAE Navy.
The 16m vessels, built at Abu Dhabi Ship Building’s state-of-the-art Composite Production Facility, are capable of speeds in the 35-40 knot range and are designed for rapid deployment of personnel and supplies. The 16m vessels were delivered to the Royal Bahrain Naval Force ahead of the contract schedule in late 2009.
Humaid Al Shemmari, Chairman, Abu Dhabi Ship Building, said: ‘The delivery of the 42m vessel to the Royal Bahrain Naval Force is a testament to the world-class expertise and capabilities of Abu Dhabi Ship Building and reinforces our position as the preferred supplier and specialised service provider among military institutions in the GCC. Moreover, Abu Dhabi Ship Building continues to expand its know-how and technological expertise to cater to evolving customer demands and requirements, particularly in line with growing investments in various naval facilities and vessels across the region. Abu Dhabi Ship Building is strongly committed to provide the best products and services as we consider it our fundamental responsibility to contribute in enhancing security and safety in the Arabian Gulf.’
Abu Dhabi Ship Building has created a dedicated project management team to work closely with a delegation from the Royal Bahrain Naval Forces for the project, which has helped achieve the desired technical and quality standards. The second 42m Landing Craft is already in advanced production stage and will be launched and delivered in late 2010.
Abu Dhabi Ship Building was founded in 1996 and operates the most modern naval shipyard in the Arabian Gulf. Its client base includes Navies, Coast Guards and other military, paramilitary and commercial vessel operators across the GCC region. The Public Joint Stock Company posted a net profit of AED 114.39 million on revenues of more than AED 1.16 billion in 2009, representing its best annual performance.
Landlords are increasingly offering options to pay rent in four or more cheques, helping tenants spread out their costs and manage their budgets
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