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    Nakilat and Damen Shipyards Group join forces for new yard in Qatar

    Yard News // January 22, 2010

    Qatar Gas Transport Company Ltd (Nakilat) has signed a joint venture agreement with Damen Shipyards Qatar Holding BV, a wholly owned subsidiary of Damen Shipyards Group, to jointly operate a world-class shipbuilding facility in the Port of Ras Laffan, Qatar.

    His Excellency Abdullah bin Hamad Al-Attiyah, Deputy Prime Minister and Minister of Energy and Industry, and Chairman of the Board of Directors of Nakilat, said: “Our vision is for the new shipyard to become a centre of excellence for the construction of all types of vessels up to 120m in length that are required to secure and support the development and growth of Qatar’s oil and gas industry and its expanding marine industries sector. Damen is a world leader with the proven expertise to assist Nakilat in achieving this vision”.

    Kommer Damen, Chairman of the Board of the Damen Shipyards Group, said: “Damen is honoured to be selected as Nakilat’s strategic partner for the management and operation of this world-class facility. We are confident that Nakilat and Damen can, together, make Qatar a global force in specialist ship construction”.

    Nakilat and Damen have agreed to form a 70/30 joint venture company (JVC) to manage the operation of the 15-hectare shipyard, which has been built on reclaimed land in the expanded Port of Ras Laffan. The name of the JVC is:  Nakilat Damen Shipyards Qatar Limited.

    The facility, scheduled to commence operations in the first quarter of 2010, is capable of building vessels including tugs, offshore supply vessels, coastal tankers, and ferries; naval and coastguard vessels; and luxury yachts.

     

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