Tuesday, October 28, 2008

Drydocks World to open US$300 million marine centre

Dubai: Drydocks World is set to open a US$300 million marine services centre in Indonesia as part of their expansion plans in South East Asia.

Chief Executive Officer Geoff Taylor said that it was a joint venture with Dubai-based steel fabrication firm Fabtech, in which Drydocks will command 80 percent of the stakes. The centre is estimated to be 1.72 square kilometres in size, which makes it Drydock’s most ambitious project to date.
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