Abu Dhabi Ship Building enjoys growing success

Gulf News

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00:00Abu Dhabi Shipbuilding was established in 1996 and since that time until today it does

00:09contribute to the manufacturing of or manufacturing sector in Abu Dhabi.

00:15Now that one goes through the shipbuilding as well as the services which we are talking

00:19about the repairs and maintenance of ships.

00:22We do also coordinate with the local suppliers and that's part of our duty and responsibility

00:28to help and work and buy from those local suppliers which actually does help also the

00:34generation of the revenue to be locally invested and utilized rather than being moved outside

00:39of the UAE.

00:41That's our contribution and another contribution also we do with the amortization which is

00:47also part of our priority here in Abu Dhabi Shipbuilding.

00:50Proudly to say all of the project managers at ADSP are UAE nationals which was not the

00:59case a few years before but that's exactly now what we are doing so priority is given

01:04to the locals.

01:05They are the focal point to run this company now as well as in the future.

01:10We do have a new strategy which has been approved by the board of directors that Abu Dhabi Shipbuilding

01:15should also have a good market share on the services and when I speak about services I

01:21am referring to the repairs and maintenance.

01:25So in five years we will have more concentration, we will have more enhancement as well as more

01:30market share of the services sector.

01:33To do that one of course we have acquired a floating dock.

01:37So the facilities here in Musafah is good but has some limitation with the sizes and

01:42therefore having the floating dock did help us to overcome this one.

01:46Currently we have the biggest floating dock in Abu Dhabi and that of course will help

01:52us to achieve our new strategy so it will not be only shipbuilding, it's shipbuilding

01:56as well as services and when I talk about services both military as well as commercial

02:02ships.

02:03Previously the company was thought to the clients that this company builds only military

02:07ships.

02:08The reality is no, it's military ships, commercial ships also as well as providing services.

02:14That message was not clear.

02:16Now with the new structure we do have, with the new strategy we are concentrating to have

02:22more awareness that Abu Dhabi Shipbuilding is not only a shipbuilder in terms of Navy

02:28or military ships but also a service provider both commercial as well as military ships.

02:34Last year we got good revenue compared to our budget.

02:37This year I think we are doing also very well and it will be very good news by the

02:41end of the year, 2017 and beyond I think we are looking for better and better.

02:45Thanks to God the company is supporting itself, there is no any, what should I say, offer

02:53a draft or any loans.

02:56We do have all these facilities in the bank but thanks to God we have not been using this

03:00one.

03:01We are supporting ourselves.

03:02The monetization program we do have right now about 7%.

03:07We have a KPI target from the board of directors to enhance it by the end of the year to be

03:1010%.

03:11Internally we are working even with more than 10%.

03:15It's not a matter of only just to bring them and show the number has been increased, it's

03:19a matter of what their future career will be in 5 or 10 years.

03:23We take those as our brothers and our sons so we need to make sure their capabilities

03:28is enhanced, they have a future career and therefore a program has been set by the HR

03:35department to help that one.

03:37Now we are in the process of hiring about 40 people, new young men who just finished

03:43high school or institution in the UAE, from all UAE, Abu Dhabi and Northern Emirates and

03:49that one is to give them the chance to be the people who can work with oil and lubricants

03:59so it's a technical job and we find the right people.

04:03Now to do that one there is investment but we know that's a return investment, we will

04:07do it today, tomorrow we will have somebody who is working here and this is exactly what

04:11we are doing at the company so I do have a feeling the company is going in the right

04:14direction.

04:15We are trying to have ADSP as a good environment for those people that they are proud.

04:21The minute they walk out of the gate they need to miss it when they will be coming to

04:25the company, not the opposite, oh my god I'm going to go to my work and again, no.

04:31During the weekend the staff should miss the company, when is it going to be Sunday

04:34so I will be there at 8 o'clock or 7 o'clock, this is exactly what we are trying to make.

04:39In short, we are working very professionally in terms of management and utilizing the skills

04:44of those people who are at Abu Dhabi Shipbuilding.

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