Grandweld reaffirms ‘Made in the UAE’ brand is able to provide high standards in ship building
Grandweld Shipyard, the Dubai-UAE based shipyard that specializes in designing, building, and maintaining ships and boats, concluded 2019 with an agreement to build two crew boats to Khalid Faraj Shipping (KFS).
The Abu Dhabi-based shipping company delivers comprehensive marine services and logistical support to offshore oil and gas projects. In addition to this major accolade, the contract includes an option that allows Khaled Faraj Shipping to build two additional boats, with price protection over a period of three months.
Concluding its results for 2019 with great success, the contract holds significant value for Grandweld boosting the business with momentum and sustainable cash flow during the upcoming year.
This allows the company to achieve additional performance records, utilizing the recovery in the oil and gas sector in response to major investments proclaimed by the Abu Dhabi National Oil Company (ADNOC), Saudi Aramco, as well as numerous other leading oil and gas production companies within the region.
“Grandweld being KFS’ choice to manufacture their new boats is an honour that we hold dearly,” affirmed Eng. Jamal Abki, General Manager, Grandweld Shipyard.
The contract stipulates that the two boats are to be delivered before the end of 2020, as they will begin operations immediately in order to fulfill the grand expansion plans of KFS, as a result to the increased demand in the oil and gas sector in Abu Dhabi.
“KFS’ priority is to improve the company’s In Country Value (ICV) ranking. This represents our commitment towards the national economy. In order to achieve this, we do business with national companies that operate within the UAE, giving them priority in delivering our projects,” explained Khalfan Faraj Al Muhairbi, Chairman, KFS.
One of the most remarkable features of the new boat’s design is their ability to be adjusted to handle many other functions beyond crew transport. They are able to carry marine and logistic equipment, as their deck area is sufficient enough to be used for both maintenance of equipment and machinery.
