The company said the $5m, 42-metre aluminiumcrew boat will have a top speed of more than 26 knots.
The yard is partof Stanford Marine Group, which is owned by Abraaj Capital and Waha Capital.
Khalid Faraj is a private operator based in Dubai.
Dubai’s Grandweld Shipyards has won its third vessel order from Khalid Faraj Shipping in five months.
The company said the $5m, 42-metre aluminiumcrew boat will have a top speed of more than 26 knots.
The yard is partof Stanford Marine Group, which is owned by Abraaj Capital and Waha Capital.
Khalid Faraj is a private operator based in Dubai.