Abu Dhabi Ports Group Acquires Balenciaga Astilleros Shipyard in Spain for $13.1 Million
Abu Dhabi Ports Group, through its subsidiary SAFEEN Drydocks, has acquired Balenciaga Astilleros Shipyard in Spain for $13.1 million, enhancing its operations in the Mediterranean and supporting expansion into the offshore wind sector. The shipyard, which will be renamed Balenciaga Shipyard, brings nearly a century of shipbuilding expertise and infrastructure, including two drydocks and a slipway. This acquisition is expected to create over 50 skilled jobs and bolster ongoing specialized vessel projects in collaboration with Masdar.
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Abu Dhabi Ports Group, through its subsidiary SAFEEN Drydocks, has acquired full ownership of Balenciaga Astilleros Shipyard in Spain for $13.1 million. This acquisition consolidates operations in Spain and the Mediterranean, supporting expansion into the offshore wind sector.
The Basque-region shipyard, to be renamed Balenciaga Shipyard, adds nearly a century of shipbuilding experience and infrastructure, including two drydocks and a 105-metre slipway on over 25,000 square meters. Balenciaga Shipyard specializes in the prefabrication of large modules for offshore projects and constructing complex vessels, including Service Operation Vessels (SOVs). The deal aligns with AD Ports Group's partnership with Masdar on offshore wind projects and is expected to create over 50 skilled jobs while supporting an existing pipeline of specialized vessel projects.
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