Project scheduled for completion within 42 months
Al Seer Marine has secured a production agreement valued at AED 47.6mn to deliver high-speed interceptor vessels to Albwardy Damen.
Delivery will span 42 months, with the units slated for integration into offshore patrol vessels (OPVs). All vessels will be designed, built, and outfitted entirely in the UAE, in alignment with the country’s “Make it in the Emirates” industrialisation initiative.
“With our long-term strategic vision, we anticipated this trajectory early, driving targeted investments in our technologies, infrastructure, and engineering depth to establish the naval shipbuilding vertical as a core driver of our revenue growth, portfolio diversification, margin resilience, and long-term value creation for our investors,” stated Guy Neivens, CEO, Al Seer Marine.
The move comes in response to accelerating global and regional demand for OPVs, particularly in the Middle East, where maritime security and naval capability development have become national imperatives.
