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May 19, 2021

ADSB wins contract to deliver four patrol vessels to UAE Navy

Naval and commercial vessel builder ADSB was contracted to deliver four Falaj 3-class OPVs to the UAE Navy.

Abu Dhabi Ship Building (ADSB) has secured a $950m contract to build four Falaj 3-class Offshore Patrol Vessels (OPVs) for the UAE Navy.

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The UAE's defense expenditure recorded an overall contraction of 0.7% between 2018 and 2022 and amounted to $22.5 billion in 2022. Defense expenditure over 2018-22 was driven by the UAE’s involvement in Yemen’s civil war and attempts to suppress insurgent activities and terrorism, in support of its ally Saudi Arabia. However, over the forecast period, the UAE’s expenditure is expected to reach $28.6 billion in 2027, growing at a CAGR of 4.8%. GlobalData’s UAE Defense Market (2022) Free Report offers a detailed analysis of the UAE defense market, with market size forecasts covering the next five years. This report analyzes factors that are influencing demand, as well as key market trends. The market is changing, and its important to stay informed if you want to make gains. This report’s key offerings include:  
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The contract, which is ADSB’s largest ever order, was jointly awarded by the Gulf Arab state’s Ministry of Defence (MOD) and the navy.

According to a Reuters report, the two sides finalised the terms of the award following more than two years of negotiation.

ADSB will build all the four hulls in Abu Dhabi. The Falaj-3 class patrol boats are highly flexible and can be used in wide range of missions.

ADSB is a part of the Platforms & Systems cluster of Edge Group, and operates three main naval programmes- corvettes, offshore patrol vessels and fast patrol boats.

The company has also been associated with the delivery of the UAE Navy’s Baynunah-class corvettes.

ADSB CEO David Massey said: “ADSB’s relationship with key stakeholders has grown stronger since it has become a part of the EDGE Group.

“This contract underscores our mutual commitment to serving the UAE Navy with the right products and advanced shipping solutions to enable a secure future. We look forward to expanding and enhancing our portfolio of vessels.”

Edge Mission Support president and ADSB chairman Khalid Al Breiki said: “This order represents a resounding vote of confidence in ADSB from the MOD and the UAE Navy.

“The contract will provide the company with a platform for sustainable profitable growth, while maintaining strategic national assets that are critical to the defence of the UAE.”

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Free Report
img

How is the UAE Defense Market developing in 2022 and beyond?

The UAE's defense expenditure recorded an overall contraction of 0.7% between 2018 and 2022 and amounted to $22.5 billion in 2022. Defense expenditure over 2018-22 was driven by the UAE’s involvement in Yemen’s civil war and attempts to suppress insurgent activities and terrorism, in support of its ally Saudi Arabia. However, over the forecast period, the UAE’s expenditure is expected to reach $28.6 billion in 2027, growing at a CAGR of 4.8%. GlobalData’s UAE Defense Market (2022) Free Report offers a detailed analysis of the UAE defense market, with market size forecasts covering the next five years. This report analyzes factors that are influencing demand, as well as key market trends. The market is changing, and its important to stay informed if you want to make gains. This report’s key offerings include:  
  • Up-to-date overview of the events of the Yemen civil war
  • Outlook reports for the forecast period
  • Detailed analysis of UAE FY2022 defense budget, broken down into market size and market share
Download the full report to understand the UAE defense market trajectory, allowing you to make strategic business decisions.
by GlobalData
Enter your details here to receive your free Report.

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