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Nakilat and Damen form Qatar yard jv

Nakilat and Damen form Qatar yard jv

Doha: Qatar Gas Transport Company Ltd. (Nakilat) has signed a joint venture agreement with Damen Shipyards Qatar Holding B.V., a wholly owned subsidiary of Damen Shipyards Group, to jointly operate a shipbuilding facility in the Port of Ras Laffan, Qatar.
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 120 meters 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."
Nakilat and Damen have agreed to form a 70/30 joint venture company 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 new company is Nakilat Damen Shipyards Qatar, Limited.
The facility will be capable of building vessels with a length overall of up to 120m. Ship types will include OSVs, ferries, naval, coastguard and luxury yachts.
Nakilat already has a yard  jv, having signed with Singapore's Keppel in 2007 to create a huge ship repair facility in Qatar.  [29/01/10]

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