Middle East Economic Survey
Dubai Drydocks Plans New Shipbuilding Project
Dubai Drydocks on 11 January announced that it would construct a new shipbuilding facility called Safina near the Dubai Maritime City. The company has recently received government permission to proceed with the project, which will have the capacity to build small, medium and large vessels. Safina will require an investment of Dh165mn ($45mn) and is part of Dubai Drydocks current Dh734mn...