Origins / Regional beginnings
Late sixties, early seventies
Anglo-Dutch Costain-Blankevoort and Dubai Transport Company first associate on regional urbanisation projects in Dubai.
About Gulf Cobla
Shaping the interface between land and sea since 1977
Gulf Cobla is a medium sized dredging company focused on Cutter Suction Dredging Projects in the Middle East and surrounding areas.
Gulf Cobla was formed in 1977 as a limited liability company by decree of His Highness, Sheikh Rashid bin Saeed Al Maktoum, late Ruler of Dubai, with the objectives of carrying out dredging, reclamation and associated marine operations. The Founding Members, Costain (British) / Blankevoort (Dutch) and Dubai Transport Company, had already been successfully associated in the joint execution of dredging and reclamation works within the emirate of Dubai since 1970 and on other regional urbanization projects since 1965.
Gulf Cobla has historically been involved with a substantial number of major projects involving the interface between land and sea throughout the Emirates and other GCC-member countries. Recent activities include a few major projects as well as almost countless smaller projects for both private as well as governmental clients as well as world famous dredging works.
Management and operatives are committed, and therefore all actively involved in topics as safety, environment and quality by means of providing and attending dedicated (internal) courses on quality, safety, STCW and other related subjects such as firefighting, first aid etc. All operations, from tender, to survey, to projects execution are constantly being reviewed and have been used as a mold for the company management (ISO 9001).
Our story
Backed by two regional groups
This association of two large company groups, very active in the fields (amongst others) of building, haulage, road construction and civil engineering and both with strong regional ties, places considerable opportunity and resources at the disposal of Gulf Cobla.
70 %
Majority shareholder
Blue Five Capital
BlueFive Capital is a global investment platform that today has $15 billion in AUM and targets opportunities in high-potential economies with the goal of transforming traditional financial models and fostering sustainable growth. Incorporated in Abu Dhabi Global Market and with offices in London, Manama, Abu Dhabi, Dubai, Muscat and Beijing, the firm offers private equity, real estate, infrastructure and financial products to private wealth, institutional and retail clients.
BlueFive Capital was founded in late 2024 and is led by Hazem Ben-Gacem, one of the longest tenured professionals in the global private equity landscape.
For more information, click on the logo.
30 %
Founder member
DUTCO Investment LLC
The history and development of the Dutco Group of Companies is inextricably interwoven with that of Dubai itself. The establishment of Dutco dates back to 1947, when the business of Dubai Transport Company began.
Our businesses include large-scale civil engineering works, mechanical and electrical engineering, piling and soil improvement, dredging, survey and reclamation, pipeline engineering, information technology and telecommunications, logistics and freight services, trading and luxury hotel operations.
For more information, click on the logo.
Our Presence
Our presence is across the United Arab Emirates, KSA, Bahrain, Oman, Iraq, Jordan, Qatar and Maldives.
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DUBAI HQ
Jebel Ali Industrial Area 2, Dubai, United Arab Emirates