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Reliance Defence in pact with UAE's Abu Dhabi Ship Building for naval ship manufacturing
Reliance Defence Ltd (RDL) has signed an MoU with Abu Dhabi Ship Building to set up a strategic partnership for construction of naval ships, including frigates and destroyers to address the demands of Gulf Cooperation Council (GCC), over the next 10 years.
RDL is a fully owned subsidiary of Reliance Infrastructure Ltd while Abu Dhabi Ship Building (ADSB) is a leading provider of construction, repair and refit services for naval, military and commercial vessels.
About Abu Dhabi Ship Building :
ADSB is a major regional provider of construction, repair and refit services for naval, military and commercial vessels in the GCC region. It was established in 1996 and is headquartered in Abu Dhabi. Originally, it was established to support the repairs and refits of UAE Navy vessels. Currently, it has market portfolio of different projects worth 3 billion UAE Dirhams. Its stake is jointly owned by Mubadala (40 per cent stake), Abu Dhabi Government (10 per cent stake) while the remaining 50 per cent is publicly traded on UAE’s stock exchange.