ASRY signs collaboration agreements with Italian firms
ASRY is booking more business, with two new agreements (Source: ASRY)
Arab Shipbuilding and Repair Yard (ASRY) has signed two maintenance, repair and conversion agreements with Italian companies DE Wave and Leonardo.
The agreement with DE Wave will involve work on cruise vessels, combining ASRY’s repair and conversion capabilities with technical and project management from DE Wave. The yard will also work with Leonardo on naval repair and conversion projects.
“We’re proud to broaden our international partnerships, particularly with the friendly Republic of Italy,” said ASRY CEO Dr Ahmed Al-Abri, at the signing of the collaboration agreements last week. “Our aim is to attract outside expertise, build new business connections, diversify our services, and stay up to date with the latest in maritime industry technologies and practices.”
“These agreements are a strategic step forward in enhancing international cooperation in cruise and naval ship sectors,” Mubarak Al-Jowder, head of Commercial Portfolio Development, added. “They open avenues for new ideas and growth opportunities for ASRY and for Bahrain.”
Bahrain-based ASRY is likely to benefit from the cessation of Red Sea hostilities, which is likely to bring more commercial vessels to the region.
