Damen Starts Joint Venture

Friday, January 11, 2008
Damen announced that the Damen Shipyards Group has purchased 49 percent of the shares of Albwardy Marine Engineering (AME), Dubai, United Arab Emirates AME is a company active in ship repair, shipbuilding, repair of offshore units and diving activities. AME has facilities in Dubai, Fujairah (UAE) and Salalah (Oman).

AME employs approximately 780 people, of whom the vast majority is active in repair. Participating in AME enables Damen to construct vessels (high speed naval craft, ferries, tugs, workboats and dredgers) in Dubai for the local market, as well as serving Damen customers through repairs and services.

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