Abu Dhabi Ship Building (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial vessels, has announced the official inauguration of its floating dry dock located  in Zayed Port.

The floating dock, which began servicing vessels in July 2016, has greatly enhanced ADSB’s commercial service offering, allowing the company to service larger ships and tap into new customers in industries such as oil and gas, said a statement from the company.

To date, the dry dock has received 20 customers for routine drydocking, electrical and mechanical works, it stated.

Speaking at the launch, CEO Dr Khaled Al Mazrouei, said: "It was an honour to host guests at the official inauguration ceremony for the company’s floating drydock. At ADSB, we are continually looking at how we can grow our offering as we look to deliver on the government’s vision of economic diversification and bring new services to the nation."

"The floating dock facility has been a key driver in our expansion plans and greatly strengthens the local maritime industry in Abu Dhabi," he added.

ADSB was established in 1996 to support the repairs and refits of UAE Navy vessels. It is 10 per cent owned by Abu Dhabi’s government, 40 per cent by Mubadala Development Company and 50 per cent publicly traded on the ADX, Abu Dhabi’s Securities Exchange. The company employs more than 1,000 employees.-TradeArabia News Service