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LEGEND 'GULF TOTAL TANKER VISITS PER YEAR LESS THAN 100 100-200 200-300 300-400 400-500 500-1000 1000-1500 1500-2000 2000-3000 MORE THAN 3000 drydocks, two of which are capable of handling vessels of up to 500,000 deadweight tons, and the third ca- pable of handling vessels of at least 1,000,000 deadweight tons. In addi- tion, the facility will have 11 berths and five moorings and will be ca- pable of handling virtually all types of repair, fabrication and maintenance work. The three dry- docks, estimated to employ over 4,000 when fully operational, .will have the following dimensions: (1) 1,230 feet by 230 feet, up to 500,000-dwt tankers. (2) 1,361 feet by 262 feet for up to 500,000-dwt tankers and special designs / such as shallow draft tankers. (3) 1,722 feet by 410 feet and up to at least 1,000,000 dwt or alterna- tively multiple VLCC dockings. The third dock is large enough to take the World Trade Center Tower and the Empire State Build- ing together. The total cost of the shipyard complex, including the construc- tion of a breakwater and preopera- tional financing, is expected to be in the region of U.S. $162,000,000. Originally, the project envisaged two drydocks with provision for a third dock later. However, be- cause of the enthusiastic response and market survey, the Ruler of Dubai endorsed the recommenda- tion of including the third mam- moth dock immediately. A letter of intent for the con- struction of the dockyard, which is estimated to take three years, has recently been signed with a joint venture comprising Taylor Countries of Arabian Gulf and tanker terminals. Woodrow International Limited and Costain Civil Engineering Limited. This joint venture brings togeth- er two of the largest British groups operating in the construction in- dustry, with a combined annual turnover in 1971 of $588 million and with particular experience in the field of marine and harbor works. Costain Civil Engineering Lim- ited, a wholly owned subsidiary of Richard Costain Limited, has been engaged in Dubai since 1966 and has recently completed a $60-mil- lion contract for the construction of Port Rashid adjacent to the Dubai Dry Dock Company site. Taylor Woodrow International Limited, the principal overseas subsidiary of Taylor Woodrow Limited, has a long record of har- bor works and is currently com- pleting the East Lagoon Wharf Extension in Singapore, which is valued at $25 million. The joint venture is carrying out engineering design work with the support of Babtie, Shaw and Mor- ton, consulting engineers, of Glas- gow. Viability Of The Project The McMullen Report forecasts the number of tankers loading oil in the Arabian Gulf in 1975 at over 400 VLCCs and 440 less than VLCC size classes. Of these, about 317 VLCCs and about 400 less than VLCCs will require drydock- ing in 1975. By 1980, the number of VLCCs loading in the Arabian Gulf will have doubled, and pro- jected dry docking requirements available for Gulf drydocks will have increased proportionately. Further Studies To ascertain the likely demand for a new dockyard at Dubai, a number of major VLCC operators, including major oil companies, were approached. Having studied the McMullen Report, almost all these operators confirmed their ap- proval of the siting of the project in relation to existing facilities. They have indicated their willing- ness to consider the dockyard for use by their fleets in routine dry- dockings. As evidence of the potential de- mand, 20 of these operators alone have a total requirement of 120 routine dockings per annum. Management: The design and construction of the project will be directed by John J. McMullen As- sociates, Inc., who will also be re- sponsible for the management of the dockyard when completed. Shareholders: His Highness Sheikh Rashid bin Said al Mak- toum, Abdulrabim E. Galadari & Brothers, and John J. McMullen Associates, Inc. Board of Directors: chairman, His Highness Sheikh Hamdan bin Rashid al Maktoum; His Excel- lency M. Mahdi Al Tajir, Abdul Rahim Galadari, Abdul Wahab Galadari, Nasser Abdul Latif, Ah- med Moosa, the Honorable R.H.M. Kindersley, and Dr. John J. Mc- Mullen. The World Trade Center Tower and the Empire State Building together can be ac- commodated in the largest of the three Dubai drydocks. BANDAR MAD SHAHR IRAQ KHOR-AL-AMAJA; MINA-AL-AHMAD! jjjABDdLLAH |§| KHARG IS RAS$£|| TANURA SITRA as AL;KHIAIMAH J «JUMM AL-QAIWAN#^ / . . /SH A R J A H rfm&Kmmr N WMMM^LSMP DUBAI QATAR FUJAIRAH JEBEL DHANNA MUSCAT AND OMAN MILES ABU DHABI March 15, 1973 15
