The Dubai-based outfit has penned the cooperation agreementwith Bina Bangun Bahari for the management of land in Batam, the shipyardmetropolis in Indonesia.

“There would be a move toarrive at a framework for a joint venture to implement the project,” Drydocksworld said on Tuesday.

“This new joint venture willbring a new investment of approximately $2.5 billion that can contribute toIndonesia’s economic development programme.”

Drydocks world chairmanKhamis Buamim said