Nakilat Damen inks $851m deal with Qatar Armed Forces
Qatari shipbuilder Nakilat Damen Shipyards Qatar (NDSQ) said on Monday it has signed two memoranda of understanding worth QR3.1 billion ($851 million) to build seven vessels for Qatar Armed Forces.
Once all the necessary agreements are finalised, the vessels will be constructed by NDSQ at its facility at Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan, the company said in a statement.
The MoUs concern six 50m-long axe-bow high-speed patrol vessels and one 52m-long diving support vessel for the Qatar Armed Forces. The diving support vessel includes decompression capabilities, the statement added.
Abdullah Fadhalah Al Sulaiti, managing director of Nakilat and chairman of NDSQ, said: "We are delighted with these MoUs, both for our company and for our country. To be given the opportunity to build these vessels in Qatar for Qatar will be an incredible achievement and a strong contribution to the continued growth of our nation's marine industry.
"These MoUs are confirmation of the State of Qatar's world-class shipyard capabilities. We look forward to working closely with Qatar Armed Forces and to finalising the details of this agreement."
NDSQ, which is a joint venture between Nakilat and Dutch shipbuilder Damen, began operations in 2010 and builds ships in steel, aluminum and fiber reinforced plastic, up to 170m in length.
Nakilat's LNG shipping fleet is the largest in the world, comprising 58 LNG vessels. Nakilat also manages and operates four large LPG carriers.