Middle EastShipyards

Chinese to develop yard in UAE

The Chinese are coming to set up a yard in the United Arab Emirates (UAE). Dubai’s Gulf Navigation is teaming up with Wuchang Shipbuilding and Qingdao Beihai Shipbuilding Heavy Industry – both part of state backed China Shipbuilding Industry Corporation (CSIC) – to develop shipyard facilities in the north of the UAE. The trio will take over an existing facility and then develop it with ship repair and shipbuilding both eyed in a triple phase development.

Khamis Juma Buamim, the group ceo of Gulf Navigation, commented the move was part of his line’s plans to diversify revenues. The Dubai line had skirted with bankruptcy in recent years but has recently stated it is preparing for a large series of investments in many different sectors including a notable fleet buildup.

Tags

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button
Close
Close