Egyptian superyacht builder DeBirs Yachts has recently expanded its operations into the UAE by signing an Memoramdum of Understanding (MOU) with Abu Dhabi Ship Building (ADSB).
Under the terms of the MOU, ADSB and DeBirs agree to discuss and explore collaboration opportunities in respect of superyacht maintenance, repair and overhaul (MRO) as well as naval and commercial vessels. This will, according to the companies, include settling up new state-of-the-art facilities in the region and/or developing ADSB’s existing shipyard to establish a world-class MRO centre for motoryachts.
Additionally the two companies will assess the feasibility and commercial viability of expanding the sales network of DeBirs yachts in Abu Dhabi in order to increase DeBirs yachts’ market penetration in the region. The MOU also covers collaboration in R&D.
“The MOU creates exciting business opportunities for ADSB and DeBirs,” said Mohammed Al Junaibi, ADSB’s CEO, “as we leverage our respective core expertise to develop distinctive luxury yachts and boats that cater to a high growth niche market in the Middle East. ADSB already has a formidable portfolio in the commercial shipbuilding market and we believe that this partnership will enable us to provide an even wider range of choices and more value-added offerings to our clients.”
For DeBirs Yachts, senior director and board member Rady Fahmy, says: “With ADSB’s world-class facilities and expertise and wide-reaching presence in the regional market, we are confident that we will be able to build a strong and lasting brand image in the luxury yacht and boat segment.”