Abu Dhabi Mar

Abu Dhabi MAR
legal form	Holding
Seat	Abu Dhabi United Arab Emirates;
management	Hamdan bin Zayed Al Nahyan ( CEO ) ; Ahmed Darwish Al Marar
Number of employees	2,000 (2008)
Branch	shipbuilding
Website	Abu Dhabi MAR

Abu Dhabi MAR ( ADM ) is a holding company based in Abu Dhabi and an international shipbuilding group. It is one of the leading shipbuilders in the Persian Gulf .

The group employs 2,000 people and is particularly involved in the construction of frigates , mega yachts and the repair of ships. So far, ships with a total length of up to 200 meters can be laid on the keel.

The shares in the holding company, founded in 2007, are jointly held by Al Ain International Group (70 percent; owner: Dhafir Sahmi Al Ahbabi) and Privinvest (30 percent; owner: Safa family). Ahmed Darwish Al Marar is the Chairman of Abu Dhabi MAR and the Franco-Lebanese Iskandar Safa is the company's managing director and engine. The company's order backlog is worth more than 1 billion euros.

Purchase of ThyssenKrupp shipyards

In October 2009 it was announced that Abu Dhai MAR wanted to acquire 80 percent of the shares in the German shipyards Blohm + Voss Shipyards and Blohm + Voss Repair GmbH and 50 percent of the marine division of Blohm + Voss from ThyssenKrupp Marine Systems (TKMS). The marine sector should be operated as a joint venture and be called "Blohm + Voss Naval", with ThyssenKrupp keeping the lead for orders from the NATO sector and Abu Dhabi MAR for the Middle East and Africa. On March 24, 2010, the ThyssenKrupp Marine Systems Supervisory Board approved the partial sale.

In April 2010, Abu Dhabi MAR bought the traditional German shipyard Blohm + Voss from ThyssenKrupp Marine Systems (TKMS) ; The sales contract includes the acquisition of Blohm + Voss Shipyards and the manufacturing facilities for civil shipbuilding from the former HDW Gaarden, including the employees in Kiel. In addition, Abu Dhabi MAR will take over 80 percent of each of the Hamburg companies Blohm + Voss Repair and Blohm + Voss Industries . The two companies also agreed on a partnership that includes the establishment of a 50:50 joint venture for the design and project management of surface naval shipbuilding. In September 2010 TKMS and Abu Dhabi MAR also reached an agreement on the sale of 75.1% of the Greek subsidiary Hellenic Shipyards .

In a press release dated July 1, 2011, ThyssenKrupp announced that the sale of Blohm + Voss would not take place after all. Only the civil part of HDW will be sold to Abu Dhabi MAR.

According to information from informed circles, the Abu Dhabi Fund Mubadala is to invest in Abu Dhabi MAR. The shipyard group comes under the control of one of the largest sovereign wealth funds in the world. This leads to an economic integration of the state funds that have been fraternized up to now.