LEADING UAE NAVAL CONTRACTOR SIGNS STRATEGIC MoU

ABU DHABI [MENL] -- A leading Gulf Arab naval contractor has signed astrategic accord that will expand its production capabilities. Abu Dhabi Ship Building has signed what executives termed a strategiccooperation agreement with the British firm Halmatic Ltd. The accord callsfor Abu Dhabi Ship Building [ADSB] to produce composite naval vessels thatemploy Halmatic designs and technical support.