MAG_AP_Q4 2017

ACCESS POINT MAGAZINE - DECEMBER 2017 - ISSUE
NEWS & UPDATES
Gulf Navigation announces potential
strategic partnership with Ali & Sons
Marine Engineering Factory (ASMEF)
ASMEF gets Petrofac contract in SAJAA Plant for site
construction works
Petrofac awarded a contract to Ali & Sons Marine Engineering (ASMEF) for site works in Sajaa Gas
Plant operated by Sharjah National Oil Company (SNOC).
The Sajaa Gas Plant, operated by Sharjah National Oil Company (SNOC) is located at the Sajaa
region in the Emirate of Sharjah where the original design of the gas inlet treatment with the
capacity of 700 MMSCFD with associated condensate and water is situated.
The project entails the design and construction of all facilities related to the storage of LPG in bullet
tanks and blending facility of LPG. The blended LPG product will be finally exported by loading them
to trucks and transporting it by land to SEWA and local markets.
SNOC’s main EPC contractor Petrofac appointed ASMEF as the construction contractor for the
complete project for the civil, structural, piping, heavy mechanical equipment installation, electrical
& instrumentation, demolition/relocation/modification works, HSSE installations, pre-commissioning
and commissioning.
Gulf Navigation has announced a potential strategic partnership with Ali & Sons Marine Engineering
Factory (ASMEF) in Abu Dhabi on 25 October 2017 in Dubai, United Arab Emirates. The said potential
partnership is for Oil & Gas, Offshore Services, Ship Repairs and Marine Services which aims to expand
and develop business and help strengthen the national maritime economy.
Construction works has already commenced. It is expected that project will be handed over after
commissioning within the 8 month project duration. The project executed in a brownfield where
there is zero tolerance for international HSE standards.
According to HE Khamis Juma Buamin, Board Member, Managing Director and Group CEO of Gulf
Navigation Holding, “Our new strategy targets collaborating with the leading national companies in
the UAE, in line with our wise leadership’s vision to establish a national maritime industrial cluster that
will position the UAE amongst the world’s most important maritime centers. We are proud with our
partnership with “Ali & Sons Marine Engineering Factory” that is considered one of the leading oil and
gas and maritime services companies in the region.”
Shamis Al Dhaheri, Group Managing Director of Ali & Sons Holding highlighted the importance of this
partnership, “After we have witnessed the outstanding financial and the administrative performance
of “Gulf Navigation Holding” over the past two years, we have selected this company to inaugurate
a partnership specialized in oil and gas and maritime services. We have considered Gulf Navigation’s
international reach and its management expertise in facing the challenges and transforming them into
opportunities in the maritime sectors.”
Al Dhaheri added, at Ali & Sons, we are looking for this kind of efficiency to proceed with our success
and develop the business we started since decades. We believe that gathering the national companies’
capabilities is our guarantee to expand globally and to
strengthen the UAE’s position as a key player in the oil and gas
industry and the international maritime services.”
Moreover, “Gulf Navigation Holding” is launching this
partnership with “Ali & Sons Marine Engineering Factory”
concurrently with issuing Sukuk according to the Islamic law
with a total value of 250 million dollar, in order to finance its
expansion plans, diversify its investments portfolio and upsurge
profits. This step will position the maritime sector as one of
the prime investments sectors that surpasses the traditional
investment sectors such as, Real Estate and services. - Marasi News
Shamis Al Dhaheri, Ali & Sons Group Managing
Director’s Interview with CNBC
(click photo to run video of the interview)
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