The 25-year lease is for two plots covering 27,055 square metres
UAE-based shipbuilding, ship repair and conversion specialist, Grandweld has signed a long-term ground development lease agreement (Musataha) with Drydocks World Dubai for a ship building and ship repair facility at the Industrial Precinct of Dubai Maritime City (DMC). Under the Musataha lease agreement, Drydocks World Dubai has leased two plots measuring 27,055 square metres to Grandweld for a period of 25 years.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.