Drydocks World

What Drydocks World does

Drydocks World is a Dubai-based marine and offshore services provider operating one of the largest ship repair yards in the Middle East. Established by royal decree in 1983 and incorporated into DP World in 2018, the company runs a roughly 1 million square meter facility featuring three graving docks, a floating dock, and over 3,700 meters of berth space, with year-round warm-water operations. It serves enterprise customers across four primary segments: the global shipping industry (vessel repair, maintenance, and upgrade), oil and gas / offshore energy (FPSO, FSRU, FSO conversions and drilling rig refurbishment), renewable energy (offshore wind platform fabrication), and cruise/defense (vessel refurbishment and naval work).

The company's technical backbone includes in-house heavy-lift capability via a 2,000-tonne floating crane augmented by the newly launched 5,000-tonne ALNOKHADA floating sheerleg crane (the largest in the Middle East and Africa), the proprietary Rig Integrity Assurance Programme (RIAP), and a dedicated Engineering, Procurement and Construction (EPC) division established in 2023. Core product lines span ship repair, drilling rig and jackup services, conversion/refurbishment/life extension (with 30+ FPSO deliveries), offshore fabrication and new building, EPC services, global 24x7 offshore and onshore services, and HVAC/architectural turnkey solutions. The yard completes more than 300 marine and offshore projects annually and has executed over 9,000 ship repair, maintenance and upgrade projects since inception, while managing 42 projects simultaneously.

Drydocks World generates revenue through project-based, quote-driven professional services contracts with enterprise customers; pricing is custom and not publicly tiered. The business operates on a direct enterprise field sales motion with global reach (Middle East, Asia, Europe, Africa, Americas) augmented by strategic partnerships such as the Cochin Shipyard Limited ship repair cluster MoUs in India and the Maritime Emissions Reduction Centre (MERC) consortium for decarbonisation retrofit work. It is staffed by over 11,000 employees and 5,000 subcontractors from more than 50 countries.

Name

Drydocks World

Legal name

Drydocks World

Website

http://www.drydocks.gov.ae

Company type

Private

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Drydocks World is a Dubai-based, DP World-owned marine and offshore services provider operating a roughly 1 million sqm ship repair yard with three graving docks and the new 5,000-tonne ALNOKHADA floating crane, serving enterprise customers in global shipping, oil & gas, LNG, renewable energy, and cruise.

Ownership category

akta.pro rank

Product category

Maritime Shipyard Services

NAICS

Ship Building and Repairing (336611), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Misc Industrial & Commercial Machinery & Equipment (3590), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Dry Docks & Floating Docks (Graving, Floating, Syncrolift) (IMAJALAA)

akta.pro secondary industries

Commercial Ship Repair & Drydocking (TLAKAKAA), Dry Docking & Dockyard Operations (Graving/Floating Docks, Docking Services) (TLAHAMAA), Heavy Lifting & Material Handling Infrastructure (Goliath Cranes, Jib Cranes, Hoists) (IMAJALAD), Launch & Retrieval Infrastructure (Slipways, Cradles, Travel Lifts, Launching Systems) (IMAJALAE), Yard Layout & Production Facilities (Assembly Bays, Block Fabrication Shops, Warehouses) (IMAJALAG)

Keywords

• Ship repair services
• Marine offshore fabrication
• Vessel conversion services
• FPSO conversion
• Offshore rig maintenance

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D

Revenue model

1. Ship Repair and Maintenance Services: Core revenue stream from repairing, maintaining and upgrading vessels. Services include over 400 projects annually covering all vessel types including LNGCs, LPGCs, offshore vessels, chemical tankers, cruise ships, and yachts.
2. Drilling Rigs and Jackups Services: Comprehensive services for rigs, accommodation, and lift boat repair, refit, maintenance, reactivation, and life extension projects. Track record of over 250 projects.
3. Conversion, Refurbishment and Life Extension: FPSO, FSRU, FSO, MCV, rigs and marine vessel conversions. Delivered over 50 projects including more than 30 FPSO deliveries.
4. Offshore Fabrication and New Building: Construction of offshore fabrications and new builds including FLNG facilities and wind platform components.
5. Engineering, Procurement and Construction (EPC): Integrated EPC division providing offshore conversions and fabrications from start to finish.
6. Renewable Energy Projects: Capabilities to support global energy transition including offshore wind platforms and renewable energy infrastructure.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels9 records

Core offering

Drydocks World provides ship repair, maintenance, upgrade, conversion, and offshore fabrication services at its Dubai shipyard. The company serves the shipping, oil and gas, and renewable energy sectors with engineering, procurement, construction (EPC), and life-extension capabilities for vessels, drilling rigs, and floating production units.

Product overview

Drydocks World operates as a comprehensive marine and offshore services provider offering an integrated portfolio of ship repair, rig services, vessel conversion, and fabrication solutions. The company provides eight core service lines spanning ship repair/maintenance/upgrade, drilling rigs and jackups, conversion/refurbishment/life extension, offshore fabrication/new building, renewable energy, EPC services, global offshore/onshore services, and HVAC/architectural solutions. Recent notable offerings include the ALNOKHADA 5,000-tonne floating crane and completed FPSO conversions like EMEM. The company operates the largest ship repair facility in the Middle East with three graving docks, a floating dock, and over 3,700 metres of berth space.

Differentiator

Problem solved

Functional benefit

Products and services

• Ship Repair, Maintenance and Upgrade
• Drilling Rigs and Jackups
• Conversion, Refurbishment and Life Extension
• Offshore Fabrication and New Building
• Renewable Energy
• Engineering, Procurement and Construction (EPC)
• Global Offshore and Onshore Services
• HVAC and Architectural Turnkey Solutions

Quantifiable outcome

• 300+ marine and offshore projects completed annually
• +5 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Maritime Emissions Reduction Centre (MERC)coreStrategic or Co-development Partner · 16 February 2026Drydocks World joined MERC, an Athens-based non-profit industry collaboration focused on decarbonisation solutions. Co-founded by Lloyd's Register Maritime Decarbonisation Hub and major shipowners including Capital Group, Navios Maritime Partners, Neda Maritime Agency, Star Bulk, and Thenamaris. Drydocks World provides yard-level insight for practical retrofit solutions.
• CEMS (Centre of Excellence in Maritime & Shipbuilding)minorImplementation/ SI/ Consulting Partner · 30 October 2025Tripartite MoU with Cochin Shipyard Limited and CEMS to develop India's maritime workforce during India Maritime Week 2025. Initiative aims to enhance training infrastructure and support India's goal to become a global hub for shipbuilding and repair.
• Cochin Shipyard LimitedcoreStrategic or Co-development Partner · 15 May 2025MoU signed between Cochin Shipyard Limited and Drydocks World to establish a ₹1,570-crore ship repair cluster at Vadinar in Gujarat. Also covers maritime workforce skill development with the Centre of Excellence in Maritime & Shipbuilding (CEMS). Earlier MoU signed in November 2025 for India's first ship repair cluster at International Ship Repair Facility in Cochin, Kerala.
• ZPMC Offshore (Shanghai Zhenhua Heavy Industries Co. Ltd.)coreTechnology or Integration · 10 September 2024Fabricated the 5,000 tonne floating sheerleg crane ALNOKHADA - the largest floating shearleg crane in the Middle East and Africa. The crane allows heavy loads to be lifted as high as 120 meters above water.
• DP WorldcoreOthersDrydocks World became part of the DP World family in 2018. DP World is a global smart-trade enabler operating an integrated logistics and supply chain network.
• Capital Group, Navios Maritime Partners, Neda Maritime Agency, Star Bulk, ThenamarisminorStrategic or Co-development PartnerMajor shipowner partners co-founding MERC consortium alongside Lloyd's Register Maritime Decarbonisation Hub.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Lamprell: UAE-based provider of offshore and onshore engineering, fabrication, and vessel new-build services. Operates in the same region as Drydocks World, serving overlapping offshore EPC and rig refurbishment clients.
• Damen Shipyards: Dutch shipbuilding group with global yard network offering ship repair, conversion, and offshore vessel services. Comparable in scope and customer base across merchant and offshore vessel markets.
• Keppel Shipyard: Singapore-based yard providing ship repair, offshore rig repair, and FPSO/FSO conversions. One of the most direct global competitors for high-value offshore conversion and rig refurbishment projects.
• ASRY (Arab Shipbuilding & Repair Yard): Bahrain-based ship repair and conversion yard serving the Arabian Gulf. Directly competes with Drydocks World for the same regional shipping and offshore customers, offering comparable graving docks and ship repair services.
• Sembcorp Marine: Singapore-based integrated offshore, marine, and shipyard group offering ship repair, offshore rig construction, and FPSO conversions. Competes directly for global FPSO and offshore conversion projects out of Asia.

Broad incumbents

• Saipem: Italian offshore engineering and construction major with FPSO and offshore fabrication capabilities. Overlaps on large offshore EPC projects and vessel-based energy infrastructure.
• McDermott International: Global offshore EPC contractor with significant FPSO and offshore fabrication expertise. Competes with Drydocks World's EPC division for integrated offshore energy projects though broader in scope.
• Hyundai Heavy Industries: South Korean shipbuilding and offshore giant with major ship repair and offshore rig fabrication operations. Competes for large vessel conversions and offshore projects globally, though primarily a newbuild-focused yard.
• Fincantieri: Italian shipbuilding conglomerate with offshore and cruise ship repair operations. Overlaps with Drydocks World in cruise ship refurbishment and complex vessel conversion projects.

Emerging players

• Aker Solutions: Norwegian provider of offshore engineering, subsea, and maintenance services. Adjacent competitor in offshore energy infrastructure with overlapping FPSO and lifecycle service offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/DP_World
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• Facebookfacebook.com/DPWorld
• LinkedInlinkedin.com/company/drydocks-world
• Instagraminstagram.com/drydocksworld/?hl=en

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Drydocks World