The new slipway facilities are intended to encourage the safe launch and recovery of vessels. Photo courtesy Municipality of Abu Dhabi
The new slipway facilities are intended to encourage the safe launch and recovery of vessels. Photo courtesy Municipality of Abu Dhabi
The new slipway facilities are intended to encourage the safe launch and recovery of vessels. Photo courtesy Municipality of Abu Dhabi
The new slipway facilities are intended to encourage the safe launch and recovery of vessels. Photo courtesy Municipality of Abu Dhabi

Abu Dhabi to build new slipways as vessels set to double by 2030


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ABU DHABI // Five slipways are to be built at sites in Al Bateen, Al Sadar, New Bahya and two in Abu Dhabi Gate City.

Proposals by Abu Dhabi Municipality, which will be tendered early next week to the private sector, also include facilities for trailer parking, washing down areas, dry stack storage and fuelling facilities.

The municipality said it hoped to get a number of experienced marine developers on board, to "ensure the success of the project".

"There are an estimated 4,647 marine vessels in use throughout the Abu Dhabi Emirate, which equals approximately 3.7 boats per 1,000 people.

This figure is expected to double, due to population growth, to more than 10,000 vessels by 2030," said Rashed bin Ali Al Omaira, adviser for investments and assets for the general manager's office at Abu Dhabi Municipality.

"Not only will these projects enhance the boating experience for thousands of enthusiasts, but it will also encourage the safe and responsible launch and recovery of vessels and careful use of the maritime waterways."

The slipways are scheduled for completion early next year.

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Name: Rain Management

Year started: 2017

Based: Bahrain

Employees: 100-120

Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund

The specs: 2018 Nissan Altima


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Power: 182hp @ 6,000rpm

Torque: 244Nm @ 4,000rpm

Transmission: Continuously variable tranmission

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Company name: Entrupy 

Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist

Based: New York, New York

Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.  

Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius. 

Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place. 

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Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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Goalkeepers: Jordan Pickford, Nick Pope, Dean Henderson.
Defenders: Trent Alexander-Arnold, Kieran Trippier, Joe Gomez, John Stones, Harry Maguire, Tyrone Mings, Ben Chilwell, Fabian Delph.
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