Home » Abu Dhabi Investors »

|| Al Ain International Group's Abu Dhabi MAR to invest in German shipbuilding firm

abudhabi germanAbu Dhabi MAR, a holding company based in Abu Dhabi, has entered into a strategic partnership with the German company ThyssenKrupp Marine Systems.

The partnership involves the establishment of a 50:50 joint venture for the construction of naval surface ships. In addition, the agreement will allow Abu Dhabi MAR Group to move into the mega-yachts, repairs and ships' components businesses. To this end Abu Dhabi MAR Group plans to acquire a majority 80% stake in each of the companies Blohm + Voss Shipyards, Blohm + Voss Repair, and Blohm + Voss Industries. In the mega-yacht sector, this opens up good prospects for expanding the clientele for this exclusive product.

(Abu Dhabi MAR Group is an international shipbuilding group. The group has the capacity of building civilian ships up to 200 meters as well as military and commercial vessels. The group is jointly owned by Al Ain International Group (70%) and Privinvest (30%). Mr. Iskandar Safa is the Managing Director of Abu Dhabi MAR Group. Abu Dhabi MAR Group’s order book exceeds 1 billion Euros. The shipbuilding group employs 2,000 people globally.)

Their full press release follows:

Previous Post: Presentation - New Insights into Sovereign Wealth Funds
Next Post: Japan seeks investment from UAE sovereign wealth funds

More from Abu Dhabi Investors ...

  Abu Dhabi firm Waha Capital invested $76 million in New York listed firm AerCap Holdings (May 2016)

  Middle East investors of Rasmala and GII acquired Airbus office complex in UK for $42 million (March 2016)

  Abu Dhabi firm ADFG invested in Montenegro Capital Plaza (November 2015)

  Abu Dhabi investment firm acquired stake at three Hong Kong hotels for $2.4 billion (May 2015)

  UAE firm NMC acquired Spanish fertility clinic for $161 million (March 2015)

  UAE investment firm acquired Scotland Yard HQ for $579 million (December 2014)

  Abu Dhabi fund buys 31 Accor hotels in Australia for $740 million (September 2013)

  Abu Dhabi investment firm ADIC buys stake in Tokyo property (August 2013)

  Abu Dhabi and Qatar funds front-runners to acquire 42 Marriott hotels for $1 billion (July 2012)

  US Paladin Capital and Abu Dhabi Invest AD to launch $100 million fund (May 2012)

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2018 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter