The head of Dubai's state-run shipbuilding company said Tuesday the firm is in talks with potential partners about sharing control of some of its Asian businesses.
The joint venture partnerships could be a way for DryDocks World, a division of troubled state conglomerate Dubai World, to generate extra cash as it looks to close a $2.2 billion debt restructuring process hanging over the company.
DryDocks World Chairman Khamis Juma Buamim told reporters he hopes to have a deal in place with lenders on the drawn-out restructuring by March.
The joint venture partnerships could be a way for DryDocks World, a division of troubled state conglomerate Dubai World, to generate extra cash as it looks to close a $2.2 billion debt restructuring process hanging over the company.
DryDocks World Chairman Khamis Juma Buamim told reporters he hopes to have a deal in place with lenders on the drawn-out restructuring by March.
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