Al Seer Marine (ASM), a subsidiary of International Holding Company (IHC), and Damen International, part of the globally renowned Damen Shipyards Group, have announced that their joint venture has secured a major USD 354 mln contract from Tawazun Council to build advanced Offshore Patrol Vessels (OPVs).
Tawazun Council is an independent UAE government entity working closely with the Ministry of Defense and security agencies.
The four-year project aims to strengthen the UAE’s naval capabilities and enhance maritime security, ASM said. Guy Neivens, CEO of ASM, stated, “Tawazun’s confidence in our joint venture is a significant milestone. It highlights our combined shipbuilding expertise and robust fleet support capabilities. We remain committed to building globally competitive vessels locally, supporting the UAE’s industrial base and national security with operational excellence.”