Abu Dhabi Ship Building (ADSB) is a United Arab Emirates listed Public Joint Stock Company. Emirates Defense Industries Company owns 40% of the ADSB’s shares, with 10% held by the Government of Abu Dhabi and the remaining 50% held by individuals.
The company was founded in 1995 through cooperation between the Government of Abu Dhabi and Newport News Shipbuilding (NNS), the largest shipbuilder in the United States. At that time, NNS was also a major investor, having purchased 40% of the shares of the company. However, the UAE Government bought back 10% from NNS in 2001 and the other 30% in 2002.
ADSB started as a pre-Offset venture, but both the Government and NNS later agreed to develop the business as a stand-alone public joint stock company. This was a groundbreaking achievement for the industrial sector of the UAE economy.