Anil Ambani-led Reliance Defence ltd (RDl) has signed an MoU with Abu Dhabi Ship Building to set up a strategic partnership for construction of naval ships, including frigates and destroyers to address the demands of Gulf Cooperation Council (GCC), over the next 10 years.
RDl is a fully owned subsidiary of Reliance Infrastructure ltd while Abu Dhabi Ship Building (ADSB) is a leading provider of construction, repair and refit services for naval, military and commercial vessels.
“Under this MoU, RDl and ADSB are investigating the opportunity to set up a strategic partnership for the construction of naval ships – including frigates, destroyers and other specialized vessels to address the GCC over the next 10 years,” a statement by the Reliance Group said.