South Red Sea Shipyard

What South Red Sea Shipyard does

South Red Sea Shipyard is a privately held Egyptian shipbuilder and vessel repair operator headquartered in Cairo (Heliopolis) with its primary production facility in Safaga on the Red Sea. The company builds, repairs, and refits custom luxury yachts, commercial vessels (tugs, fishing vessels, work boats), and series-production yachts, serving private yacht owners, Red Sea tourism and charter operators, government maritime agencies, and commercial fishing operators. Its revenue model rests on project-based contracts for new construction combined with ongoing professional services revenue from repair, maintenance, refitting, and drydocking, with no public pricing transparency and direct B2B/B2G sales at the Safaga facility.

The company's core technology encompasses multi-material construction in GRP (fiberglass), wood, steel, and aluminum, executed at a 250,000 m² shipyard with a 65,000 m² drydock, 55,000 m² fiberglass factory, 850-ton ASCOM travel lift, 600-ton slipway, and CNC/laser/plasma metal fabrication. Notable products include the Eclipse (46m), C. Omar (36m), Nasr & Erada (29.5m), Golden Dolphin IV, and Trojan custom yachts, alongside RAstar 3800 and RAMPARTS 2800 tugs, Long Liner and Fast Trawler fishing vessels, and 10M/18M/Sports Fisherman 113 series production yachts.

The business is anchored by the El-Dougishy family, whose maritime heritage in Egypt dates to 1910 Alexandria workshops, with the current Safaga yard established in 1999 and a flagship 2021 partnership with the Suez Canal Authority to build 20 tugs and 10 fishing vessels, all class approved. The company operates with 101-250 employees, no institutional investors, and no public capital structure, pursuing an enterprise field sales motion targeting government agencies, commercial fleet operators, and private yacht owners in Egypt and the broader Middle East.

Name

South Red Sea Shipyard

Legal name

South Red Sea Shipyard

Website

https://srssegypt.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

South Red Sea Shipyard is a privately held Egyptian shipbuilder in Safaga that constructs, repairs, and refits custom luxury yachts, commercial tugs, fishing vessels, and work boats for government maritime agencies, private yacht owners, and Red Sea tourism operators.

Ownership category

akta.pro rank

Product category

Shipbuilding and Marine Vessel Construction

NAICS

Ship Building and Repairing (336611), Boat Building (336612)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Commercial Ship Repair & Drydocking (TLAKAKAA)

akta.pro secondary industries

Luxury Yacht Systems Integration & Commissioning (Shipyard) (IMAJAMAI), Heavy Lifting & Material Handling Infrastructure (Goliath Cranes, Jib Cranes, Hoists) (IMAJALAD)

Keywords

• Yacht construction
• Ship repair services
• Marine vessel building
• Boat maintenance refitting
• Commercial shipbuilding

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. New Vessel Construction: Design and manufacture of yachts, commercial vessels, and service boats using GRP, wood, steel, and aluminum. Custom builds focused on quality, performance, and durability. This is the primary revenue stream for the shipyard.
2. Ship Repair Services: Structural, refurbishment, and engine room repairs with fast turnaround and reliable results. Keeps vessels safe and operational.
3. Maintenance Services: Routine engine checks, hull cleaning, system inspections, spare part replacements, and preventative care.
4. Refitting Services: Mechanical, electrical, and hydraulic upgrades including engine replacements, propulsion improvements, rewiring, and plumbing delivered to modern safety and regulatory standards.
5. Drydocking Services: Hauling, launching, and positioning services using 65,000 m² drydock, 850-ton travel lift, and 600-ton slipway supporting inspections, maintenance, and full vessel servicing.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

South Red Sea Shipyard builds custom luxury yachts, commercial tugboats, fishing vessels, work boats, and series-production yachts, and provides ship repair, maintenance, refitting, refurbishing, painting, and drydocking services. Construction uses GRP, wood, steel, and aluminum at a 250,000 m² Safaga facility with CNC/laser/plasma manufacturing and a dedicated 55,000 m² fiberglass factory. Services target government agencies, charter operators, and private yacht owners across the Red Sea and broader Middle East.

Product overview

South Red Sea Shipyard is a shipbuilding and repair company specializing in construction and repair of yachts, workboats, and commercial ships. The company operates as a unified facility offering both custom-built luxury vessels and series production yachts. The product portfolio includes custom luxury yachts (C. Omar, Nasr & Erada, Eclipse, Golden Dolphin IV, Trojan), commercial tugs (RAstar 3800, RAMPARTS 2800), fishing vessels (Long Liner, Fish Trawler), work boats (Pilot Boat, Water Taxi), and series production yachts (10M, 18M, Sports Fisherman 113). The company provides comprehensive services including new vessel construction, ship repair, maintenance, refitting, painting, refurbishing, and drydocking. Facilities include a 65,000 m² drydock, 55,000 m² fiberglass factory, 42,000 m² metal factory, 850-ton travel lift, and 600-ton mechanical slipway.

Differentiator

Problem solved

Functional benefit

Products and services

• C. Omar (C.Omar) Custom Yacht Custom-built 36m luxury yacht with Italian furniture, German parquet flooring, Purma teak exteriors, dimmable lighting, electric blinds, sensor-operated salon door, iPad-controlled systems, Seakeeper stabilizers, bow and stern thrusters, Gianneschi pumps, GL-certified marine cables, and Tuenstyle locks. Built for private yacht owners seeking high-end bespoke vessels.
• Nasr & Erada Yacht 29.5m luxury yacht with 7.05m beam and 1.6m draft, representing one of the shipyard's flagship custom builds for private owners.
• Eclipse Yacht 46m luxury yacht with 11m beam and 2.2m draft, featuring Italian furniture, German parquet flooring, Purma teak exteriors, and iPad-controlled smart-home integration for owners.
• Golden Dolphin IV Yacht Custom 40m luxury yacht build from the South Red Sea Shipyard custom-builds portfolio with Italian furniture, German parquet, Purma teak exteriors, and iPad-controlled onboard systems.
• Trojan Custom Build Yacht Custom build yacht produced as part of the shipyard's custom production line for private owners.
• RAstar 3800 Tugboat Tugboat model in the commercial vessels category built for port operators and government maritime agencies.
• RAMPARTS 2800 Tugboat Tugboat model in the commercial vessels category built for port operators and government maritime agencies.
• Long Liner Fishing Vessel Long liner fishing vessel designed for commercial fishing operators requiring durable, class-built fishing boats.
• Fish Trawler (Fast Trawler) Fishing Vessel Fast trawler fishing vessel built for commercial fishing operators requiring efficient, high-output fishing boats.
• Pilot Boat Pilot boat work vessel for maritime operations serving ports, harbors, and pilotage services.
• Water Taxi Water taxi work boat built for passenger transport in harbor, marina, and tourism settings.
• 10M Series Production Yacht 10-meter series production yacht produced on a recurring production line for yacht buyers seeking standardized builds.
• 18M Series Production Yacht 18-meter series production yacht produced on a recurring production line for yacht buyers seeking standardized mid-size builds.
• Sports Fisherman 113 Sports fisherman model produced as part of the series production line for sport fishing and recreational buyers.
• New Build Construction Services Design and manufacture of all vessel types including yachts, commercial, and service boats using GRP, wood, steel, and aluminum, with custom builds focused on quality, performance, and durability.
• Ship Repair Services Structural, refurbishment, and engine room repairs delivered with fast turnaround to keep vessels safe and operational.
• Maintenance Services Routine engine checks, hull cleaning, system inspections, spare part replacements, and preventative care to ensure vessels remain efficient and ready to sail.
• Refitting Services Mechanical, electrical, and hydraulic upgrades including engine replacements, propulsion improvements, rewiring, and plumbing delivered to modern safety and regulatory standards.
• Painting and Washing Services High-pressure washing, antifouling applications, full hull and superstructure painting, and zinc anode replacement to prevent corrosion.
• Refurbishing Services Teak and exterior deck renewal, exterior fittings replacement, interior redesign, custom furniture, and system upgrades with high-quality finishes tailored to vessel style and function.
• Drydocking Services Hauling, launching, and positioning services using the 65,000 m² drydock, 850-ton travel lift, and 600-ton slipway supporting inspections, maintenance, and full vessel servicing.

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Suez Canal AuthoritycoreStrategic or Co-development Partner · 1 January 2021In 2021, SRSS partnered with the Suez Canal Authority to build 20 tugs and 10 fishing vessels, all class approved. This partnership reinforces the company's position as a leader in the Egyptian and Middle Eastern maritime industry and aligns with Egypt's strategy to localize shipbuilding for the Suez Canal, ports, and river transport.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Drydocks World: Dubai-based mega-shipyard with a global roster of repair, conversion, and new-build clients across commercial, offshore, and naval segments. Comparable to SRSS in repair and drydocking capabilities, but at significantly larger scale and broader geographic reach.
• Fincantieri: Italian global shipbuilder with leading positions in cruise ships, naval vessels, and luxury yachts (via CRN, Custom Line). Comparable to SRSS on luxury yacht and naval-class government work, though at vastly larger scale and broader portfolio.
• Damen Shipyards: Dutch global shipbuilder with a wide portfolio including tugs, workboats, naval vessels, and yacht support. Comparable to SRSS on tugboats and workboats (e.g., RAstar 3800 competes directly with Damen tugs), with much broader international reach.

Direct peers

• Benetti: Italian luxury yacht builder (part of Azimut-Benetti Group) producing custom and semi-custom motor yachts from 30m to 100m+. Directly comparable to SRSS's luxury yacht custom builds (Eclipse, C. Omar) by product category and HNW customer base.
• Abu Dhabi Ship Building (ADSB): UAE-based shipyard constructing and maintaining naval, commercial, and offshore vessels for government and military clients. Highly comparable to SRSS's government vessel work and military heritage, with similar multi-vessel expertise.
• Bilgin Yachts: Istanbul-based luxury yacht builder producing bespoke motor yachts in the 25–80m range. Comparable to SRSS on luxury yacht construction capabilities, with similar target buyer profile and reliance on European-supplied marine systems.
• Sunrise Yachts: Turkey-based luxury motor yacht builder in the 30–80m segment. Comparable to SRSS's luxury yacht custom builds (C. Omar, Eclipse) — both serve the HNW private yacht market from a non-European cost base with export-oriented production.
• Lamprell: UAE-headquartered shipyard focused on offshore and commercial new-build, repair, and conversion. Comparable regional competitor in servicing Middle East energy and government customers, with similar project-based contracting model.
• Arab Shipbuilding & Repair Yard (ASRY): Bahrain-based shipyard providing shipbuilding, repair, and drydocking services to commercial and government clients in the Middle East. Most direct regional peer to SRSS in terms of service mix, customer base, and Gulf/Red Sea maritime focus.

Emerging players

• Numarine: Turkish builder of semi-displacement motor yachts in the 25–45m range. Comparable to SRSS's series production yachts (10M, 18M, Sports Fisherman 113) and emerging luxury yacht line, with a similarly export-oriented approach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/srss

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 South Red Sea Shipyard