Drydocks World
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.
- Company typePrivate
- Founded1983
- HeadquartersDubai, United Arab Emirates
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
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.
Drydocks World firmographics
Firmographics- Name
- Drydocks World
- Legal name
- Drydocks World
- Website
- https://drydocks.gov.ae
- Company type
- Private
- Founded year
- 1983
- 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
Drydocks World industry classification
Industry- 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
Where Drydocks World is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices4 records
Markets served
Drydocks World business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D
Revenue model
- 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.
- 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.
- Conversion, Refurbishment and Life Extension: FPSO, FSRU, FSO, MCV, rigs and marine vessel conversions. Delivered over 50 projects including more than 30 FPSO deliveries.
- Offshore Fabrication and New Building: Construction of offshore fabrications and new builds including FLNG facilities and wind platform components.
- Engineering, Procurement and Construction (EPC): Integrated EPC division providing offshore conversions and fabrications from start to finish.
- Renewable Energy Projects: Capabilities to support global energy transition including offshore wind platforms and renewable energy infrastructure.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | — | Project-based pricing with custom quotes for each job. Services include emergency assistance and specialized marine solutions tailored to customer and class requirements. |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels9 records
Drydocks World product offering
Product offeringCore 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
Companies that use Drydocks World
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles3 records
Drydocks World technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Drydocks World partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Maritime Emissions Reduction Centre (MERC)coreDrydocks 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)minorTripartite 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 LimitedcoreMoU 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.)coreFabricated 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 WorldcoreDrydocks 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, ThenamarisminorMajor shipowner partners co-founding MERC consortium alongside Lloyd's Register Maritime Decarbonisation Hub.
Scale indicators11 records
Recent moves7 records
Expansion highlights6 records
Drydocks World competitors and assessment
Company assessmentDirect 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
Drydocks World social profiles
Digital presenceDrydocks World compliance and trust
Trust signalCompliance1 record
Drydocks World financial estimates
Financial estimateRevenue estimate
Valuation estimate
Drydocks World leadership team
Management profileNumber of profiles
Profiles2 records
Drydocks World funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Drydocks World M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Drydocks World
What does Drydocks World do?
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.
Is Drydocks World a public or private company?
Drydocks World is a private company. It is classified as state government owned and is currently operating.
When was Drydocks World founded?
Drydocks World was founded in 1983. It employs 5,001 to 10,000 people.
Where is Drydocks World based?
Drydocks World is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does Drydocks World make money?
Six revenue lines are on record. Ship Repair and Maintenance Services are the primary driver. The others are drilling Rigs and Jackups Services, conversion, Refurbishment and Life Extension, offshore Fabrication and New Building, engineering, Procurement and Construction (EPC) and renewable Energy Projects.
Who are Drydocks World's main competitors?
Direct peers on record are Lamprell, Damen Shipyards, Keppel Shipyard, ASRY (Arab Shipbuilding & Repair Yard) and Sembcorp Marine. Broad incumbents are Saipem, McDermott International, Hyundai Heavy Industries and Fincantieri. Aker Solutions is listed as an emerging player.
Does Drydocks World have an API?
No public API is recorded for Drydocks World.
What industry is Drydocks World in?
Drydocks World's product category is Maritime Shipyard Services. Its primary akta.pro industry code is IMAJALAA, Dry Docks & Floating Docks (Graving, Floating, Syncrolift), with a secondary code of TLAKAKAA, Commercial Ship Repair & Drydocking. Its NAICS code is 336611 and its SIC code is 3590.