Arab Shipbuilding and Repair Yard Company is owned by the seven OAPEC countries - Bahrain, Kuwait, Qatar, Saudi Arabia, the UAE, Iraq and Libya.
The Yard was first conceived in 1968 with the aim of building and operating a well-equipped and efficient repair yard, with sufficient capacity to accommodate the large vessels serving the Arabian Gulf oil terminals.
Bahrain was chosen as the location for the first major repair facility in the Arabian Gulf due to the availability of suitable human resources, developed industrial infrastructure and favorable site that gave shelter against the rough seas.
