SUBSIDIARY NAME
SHIPBUILDING; SHIP REPAIR; HEAVY LIFT SYSTEM AND FLOATING DOCKS
COUNTRY
SOUTH AFRICA
SECTOR/ INDUSTRY
SHIPYARD, DOCKS
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
May 23, 2022
ACQUISITION VALUATION
–
TOTAL ASSET VALUATION
–
SHIPYARD, DOCKS, PORTS
SHIPBUILDING; SHIP REPAIR; HEAVY LIFT SYSTEM AND FLOATING DOCKS: IIB-DG acquired SHIPBUILDING; SHIP REPAIR; HEAVY LIFT SYSTEM AND FLOATING DOCKS on May 23, 2022 the project will be adding value to employment opportunities in the region of approximately 2000 employees and will assist in growth of local businesses that support the project. The project is already known on the African Continent by key stakeholders and once the project is set up, we will be building and servicing vessels that support the Naval, Ports, Oil and Gas and Commercial Maritime Operations.
The project is of key importance for the development of the Ship Building and Ship Repair industry in Africa and at present the South African Government has taken a keen interest in the commencement of the project.