Published: Wednesday, 04 May 2011

debirs yachts moves into the uae 1

Egyptian superyacht builder DeBirs Yachts has signed an Memoramdum of Understanding with Abu Dhabi Ship Building (ADSB). ADSB and DeBirs have agreed to work on areas of cooperation with respect to superyacht maintenance, repair and overhaul. Both companies have agreed to look into settting up new facilities in the region and/or developing ADSB's existing shipyard to establish a world-class MRO centre for motoryachts.

Both companies will also look into sales and distribution for DeBirs yachts in Abu Dhabi. For its part, ADSB looks forward to adding the luxury sector to its existing assets in commercial shipbuilding, while DeBirs hopes that the agreement will give it the ability to develop a strong regional presence east of the Red Sea and continue expanding eastwards.