Arab Shipbuilding and Repair Yard Company (ASRY)

The agreement establishing ASRY was signed in Kuwait 1973. The company was officially set up in Bahrain with the following countries as shareholders: Bahrain, Iraq, Kuwait, Libya, Qatar, Saudi Arabic, and the United Arab Emirates. ASRY’s incorporation was announced in December 1974 with an authorized capital of $100 million, which was increases to $300 million in 1976 and the $340 million 1977.

The objectives of ASRY cover the building, repair and maintenance of all types of ships including tankers and other marine transport vessels that are related to the shipping of hydrocarbons. In 1977, the Company established a dry dock in Bahrain primarily to service and repair oil tankers. One of ASRY’s more significant accomplishments was the adding two large floating docks and their related facilities. The availability of the three docks has provided ASRY with the flexibility to service large and medium-sized tankers and ships.

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