1995: The year the ships came sailing in



The UAE's proud maritime story took a giant leap into the modern age in 1995 when the Government of Abu Dhabi and Newport News Shipbuilding, the largest shipbuilder in the US, formed the Abu Dhabi Ship Building Company (ADSB).

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From the legacy of dhows and merchant ships, ADSB established itself as a key regional player in the construction and repair of commercial and military ships, working on the most sophisticated naval systems in the world.

By 2002 Newport News had relinquished its ownership stake and ADSB was developed as a stand-alone public company, a milestone for the UAE's industrial sector.

Today ADSB is 40 per cent owned by Mubadala Development, a strategic investment company owned by the Abu Dhabi Government, 10 per cent by the Abu Dhabi Government and 50 per cent by shareholders.

The company's Mussafah complex is considered the most highly sophisticated naval shipyard in the Arabian Gulf.

ADSB's specialities include the fast, high-tech patrol vessels, assault boats and corvettes that are key to defending the region's waters.

In addition to building vessels for the UAE Navy and Coast Guard, ADSB is a key supplier of ships to other GCC navies and regional paramilitary units.

The company also builds and repairs a variety of commercial ships, from tugboats to coastal tankers.

* Kevin Brass

VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

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Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
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Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)