Abu Dhabi MAR
Encyclopedia
Abu Dhabi MAR is a holding company
, founded in 2007 and based in Abu Dhabi
, UAE. It is a shipbuilding
group with an international presence and one of the leading shipbuilders in the Persian Gulf
.
The group employs 2,000 people and specializes in the construction of frigates, mega-yachts and shiprepairs. The docks owned by the group can handle ships up to a total length of 200 meters.
The shares of the holding company are held jointly by the Al Ain International Group LLC (70%) and Privinvest (30%). H.E. Ahmed Darwish Al Marar is the Chairman and Iskandar Safa
, the driving force of the group is its Managing Director & CEO. The group’s order book exceeds one billion euros.
, in Cherbourg, France
.
In 2008, Abu Dhabi MAR group enters into a shipbuilding venture, ADMShipyards, set on prime property across a deep-water channel from Abu Dhabi's main shipping terminal, Port Zayed.
In July 2009, the group acquired more than 90 percent of Nobiskrug shipyard in Rendsburg
, Germany
.
In October 2009, the group signed a MOU
with ThyssenKrupp Marine Systems
that involves the establishment of a 50/50 joint venture
for the construction of naval surface ships..As per the partnership agreement signed by the two companies, the 50/50 joint venture would see TKMS
retain a lead role and know-how in all projects with the German Navy
and NATO partners, while Abu Dhabi MAR Group was responsible for the Middle East and North Africa (MENA
). It was also agreed that Abu Dhabi MAR would be acquiring 80% of TKMS’ key surface ship firms: Blohm + Voss Shipyards
, Blohm + Voss Repair GmbH
, and Blohm + Voss Industries
.
In March 2010, the Greek government announced that TKMS will sell a 75.1 percent of if its Greek subsidiary Hellenic Shipyards Co. at Skaramangas to Abu Dhabi MAR. . The acquisition was completed on September,2010.
In April 2010, a contract was signed between the Group and TKMS , which included the acquisition 80% share in each of Blohm + Voss Repair and Blohm + Voss Industries in Hamburg and the civil shipbuilding facilities of the former Howaldtswerke-Deutsche Werft (HDW), which include the employees in Kiel
.
In July 2011, ThyssenKrupp announced that the deal between Abu Dhabi MAR to buy the Blohm + Voss civilian shipbuilding assets of TKMS and a separate planned 50/50 joint venture to sell naval surface ships to the Middle East and North Africa has fallen apart. However, an existing deal for ADM to buy the civilian shipbuilding assets from HDW Gaarden in the northern German city of Kiel remains in place.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
, founded in 2007 and based in Abu Dhabi
Abu Dhabi
Abu Dhabi , literally Father of Gazelle, is the capital and the second largest city of the United Arab Emirates in terms of population and the largest of the seven member emirates of the United Arab Emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the central western...
, UAE. It is a shipbuilding
Shipbuilding
Shipbuilding is the construction of ships and floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history.Shipbuilding and ship repairs, both...
group with an international presence and one of the leading shipbuilders in the Persian Gulf
Persian Gulf
The Persian Gulf, in Southwest Asia, is an extension of the Indian Ocean located between Iran and the Arabian Peninsula.The Persian Gulf was the focus of the 1980–1988 Iran-Iraq War, in which each side attacked the other's oil tankers...
.
The group employs 2,000 people and specializes in the construction of frigates, mega-yachts and shiprepairs. The docks owned by the group can handle ships up to a total length of 200 meters.
The shares of the holding company are held jointly by the Al Ain International Group LLC (70%) and Privinvest (30%). H.E. Ahmed Darwish Al Marar is the Chairman and Iskandar Safa
Iskandar Safa
Iskandar Safa is a French businessman of Lebanese origins , who became famous during the Lebanese hostage crisis in 1987-88 and suspected financial transactions of the ransom...
, the driving force of the group is its Managing Director & CEO. The group’s order book exceeds one billion euros.
History
A holding company under the umbrella of Abu Dhabi MAR was founded in 2007, backed by the financing of two entities, Al Ain International Group LLC (70%) and Privinvest (30%). Its principals have, for over 20 years, owned the French shipyard, CMNConstruction Mecanique de Normandie
Construction Mecanique de Normandie is a French shipyard located at Cherbourg. It employs approximately four hundred employees covering the various specialities required for the construction of luxury yachts and naval ships....
, in Cherbourg, France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
.
In 2008, Abu Dhabi MAR group enters into a shipbuilding venture, ADMShipyards, set on prime property across a deep-water channel from Abu Dhabi's main shipping terminal, Port Zayed.
In July 2009, the group acquired more than 90 percent of Nobiskrug shipyard in Rendsburg
Rendsburg
Rendsburg is a town on the River Eider and the Kiel Canal in the northeastern part of Schleswig-Holstein, Germany. It is the capital of the Kreis of Rendsburg-Eckernförde. As of 2006, it had a population of 28,476.-History:...
, Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
.
In October 2009, the group signed a MOU
MOU
MOU, MoU, Mou or mou may refer to:* Memorandum of understanding* Minutes of Use, in telecommunication operations* Ministry of Unification, a branch of the South Korean government.* The Museum of Osaka University...
with ThyssenKrupp Marine Systems
ThyssenKrupp Marine Systems
ThyssenKrupp Marine Systems of Germany is a group and holding company of providers of naval vessels, surface ships and submarines...
that involves the establishment of a 50/50 joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
for the construction of naval surface ships..As per the partnership agreement signed by the two companies, the 50/50 joint venture would see TKMS
ThyssenKrupp Marine Systems
ThyssenKrupp Marine Systems of Germany is a group and holding company of providers of naval vessels, surface ships and submarines...
retain a lead role and know-how in all projects with the German Navy
German Navy
The German Navy is the navy of Germany and is part of the unified Bundeswehr .The German Navy traces its roots back to the Imperial Fleet of the revolutionary era of 1848 – 52 and more directly to the Prussian Navy, which later evolved into the Northern German Federal Navy...
and NATO partners, while Abu Dhabi MAR Group was responsible for the Middle East and North Africa (MENA
MENA
The term MENA, for "Middle East and North Africa", is an acronym often used in academic, military planning and business writing.The term covers an extensive region, extending from Morocco to Iran, including the majority of both the Middle Eastern and Maghreb countries...
). It was also agreed that Abu Dhabi MAR would be acquiring 80% of TKMS’ key surface ship firms: Blohm + Voss Shipyards
Blohm + Voss
Blohm + Voss , is a German shipbuilding and engineering works. It is a subsidiary of ThyssenKrupp Marine Systems; there were plans to sell 80% of Blohm + Voss to Abu Dhabi Mar Group, but talks collapsed in July 2011.-History:It was founded on April 5, 1877, by Hermann Blohm and Ernst Voss as a...
, Blohm + Voss Repair GmbH
Blohm + Voss
Blohm + Voss , is a German shipbuilding and engineering works. It is a subsidiary of ThyssenKrupp Marine Systems; there were plans to sell 80% of Blohm + Voss to Abu Dhabi Mar Group, but talks collapsed in July 2011.-History:It was founded on April 5, 1877, by Hermann Blohm and Ernst Voss as a...
, and Blohm + Voss Industries
Blohm + Voss
Blohm + Voss , is a German shipbuilding and engineering works. It is a subsidiary of ThyssenKrupp Marine Systems; there were plans to sell 80% of Blohm + Voss to Abu Dhabi Mar Group, but talks collapsed in July 2011.-History:It was founded on April 5, 1877, by Hermann Blohm and Ernst Voss as a...
.
In March 2010, the Greek government announced that TKMS will sell a 75.1 percent of if its Greek subsidiary Hellenic Shipyards Co. at Skaramangas to Abu Dhabi MAR. . The acquisition was completed on September,2010.
In April 2010, a contract was signed between the Group and TKMS , which included the acquisition 80% share in each of Blohm + Voss Repair and Blohm + Voss Industries in Hamburg and the civil shipbuilding facilities of the former Howaldtswerke-Deutsche Werft (HDW), which include the employees in Kiel
Kiel
Kiel is the capital and most populous city in the northern German state of Schleswig-Holstein, with a population of 238,049 .Kiel is approximately north of Hamburg. Due to its geographic location in the north of Germany, the southeast of the Jutland peninsula, and the southwestern shore of the...
.
In July 2011, ThyssenKrupp announced that the deal between Abu Dhabi MAR to buy the Blohm + Voss civilian shipbuilding assets of TKMS and a separate planned 50/50 joint venture to sell naval surface ships to the Middle East and North Africa has fallen apart. However, an existing deal for ADM to buy the civilian shipbuilding assets from HDW Gaarden in the northern German city of Kiel remains in place.
Brands & Investments
- ADMShipyards, Abu Dhabi, UAE.
- Nobiskrug, Rendsburg, Germany.
- Construction Mecanique de Normandie (CMN)Construction Mecanique de NormandieConstruction Mecanique de Normandie is a French shipyard located at Cherbourg. It employs approximately four hundred employees covering the various specialities required for the construction of luxury yachts and naval ships....
, Cherbourg, France. - Howaldtswerke-Deutsche Werft (HDW), Kiel, Germany ( Civilian shipbuilding assets only )
- Hellenic Shipyards SA (HSY)Hellenic Shipyards Co.Hellenic Shipyards is a large Shipyard in Skaramangas near Athens, Greece.Its origins are connected with a shipyard created in 1937 in order to build warships...
, Skaramangas, Greece.
See also
- Nobiskrug
- Hellenic Shipyards Co.Hellenic Shipyards Co.Hellenic Shipyards is a large Shipyard in Skaramangas near Athens, Greece.Its origins are connected with a shipyard created in 1937 in order to build warships...
- Blohm + VossBlohm + VossBlohm + Voss , is a German shipbuilding and engineering works. It is a subsidiary of ThyssenKrupp Marine Systems; there were plans to sell 80% of Blohm + Voss to Abu Dhabi Mar Group, but talks collapsed in July 2011.-History:It was founded on April 5, 1877, by Hermann Blohm and Ernst Voss as a...
- ThyssenKrupp Marine SystemsThyssenKrupp Marine SystemsThyssenKrupp Marine Systems of Germany is a group and holding company of providers of naval vessels, surface ships and submarines...