Drydocks World Company Profile
Drydocks World, founded in 1983 and headquartered in Dubai with 11,000 employees, is a private marine industry company specializing in ship repair, vessel conversion, offshore construction, and LNG handling, which was acquired by DP World in 2018 and has engaged in multiple mergers and joint ventures, including a recent 2023 partnership with Aker Solutions.
Overview
Drydocks World is an operator of shipyards catering to the maritime industry. The company offers ship repair, vessel conversion, building and offshore construction, LNG (liquefied natural gas) handling, crane, engineering, and rig building services to the shipping, oil, gas, and energy sectors.
- Year Founded: 1983
- Status: Acquired/Merged
- Employees: 11,000
- Latest Deal Type: M&A
- Financing Rounds: 3
- Investments: 3
- Formerly Known As: Dubai Drydocks
- Ownership Status: Acquired/Merged (Operating Subsidiary)
- Financing Status: Formerly PE-Backed
- Primary Industry: Marine
- Parent Company: DP World
- Verticals: Oil & Gas, Industrials
Contact Information
- Website: www.drydocks.gov.ae
- Corporate Office:
- PO Box 8988
- Dubai, United Arab Emirates
- +971 04
Investments & Acquisitions
Drydocks World’s most recent deal was a Joint Venture with Joint Venture (Aker Solutions / Drydocks World) on 03-Feb-2023.
- Joint Venture (Aker Solutions / Drydocks World) (03-Feb-2023) – Joint Venture – Construction and Engineering
- Adriatic 42 (24-Jan-2022) – Merger/Acquisition – Marine
- Labroy Marine (21-Dec-2007) – Merger/Acquisition – Marine
FAQs
When was Drydocks World founded?
Drydocks World was founded in 1983.
Where is Drydocks World headquartered?
Drydocks World is headquartered in Dubai, United Arab Emirates.
What is the size of Drydocks World?
Drydocks World has 11,000 total employees.
What industry is Drydocks World in?
Drydocks World’s primary industry is Marine.
Is Drydocks World a private or public company?
Drydocks World is a Private company.
Who are Drydocks World’s investors?
Dubai World has invested in Drydocks World.
When was Drydocks World acquired?
Drydocks World was acquired on 11-Jan-2018.
Who acquired Drydocks World?
Drydocks World was acquired by DP World.