Strategic Development Fund (SDF), an Abu Dhabi-based investment entity wholly owned by EDGE Group, has announced that it has entered into an agreement with Sovereign Global Solutions Limited (SGS) to increase its ownership in Marix to a majority stake.
Marix, previously known as Sovereign Global Solution Middle East (SGSME), is a UAE-based maritime technology company specialising in the design, production and operation of uncrewed/autonomous surface vessels.
SGS will remain a shareholder in the company with a minority stake.
SDF initially invested in a minority stake in Marix in 2022 to support the development of the company’s first prototype, Marip-12, which has since become operational. The original investment was a reflection of SDF’s initial confidence in the company and its technology, made in line with its mandate to invest in dual-use technologies that contribute to the development of strategic capabilities in the UAE.
The new agreement builds on this initial investment and reinforces SDF’s commitment to supporting the growth of maritime technologies and industrial capabilities in the UAE. It also aligns with EDGE Group’s strategy to support the development of UAE-owned capabilities.
As the UAE expands its energy production capacity, Marix is positioned to address growing demand for more efficient offshore solutions.
Coinciding with the execution of the agreement, SDF also announced that Marix has completed the design phase of Marip-24, its next-generation uncrewed surface vessel (USV) with autonomous capabilities, which will soon move towards production in the UAE.
The new platform builds on the experience gained through Marip-12, which has been operating for several years and is classed for uncrewed operations, providing Marix with an established foundation for developing its next generation of vessels.
Marip-24 is designed for larger and more complex offshore missions, including subsea inspection, maintenance and repair, hydrographic and geophysical surveys, and work-class remotely operated vehicle (ROV) operations.
The Marip family of uncrewed surface vessels forms part of an AI-capable maritime technology ecosystem, combining remote operations with data-driven capabilities and the potential for greater autonomy over time.-TradeArabia News Service
