Drydocks world and Maritime world holds co-operation discussions

Khamis Juma Buamim, Chairman of Drydocks World '&' Maritime World, has held discussions on co-operation with Ravi K. Mehrotra CBE, Executive Chairman of Foresight Limited and Executive Chairman and Co-Chairman - Europe India Chamber of Commerce, Belgium. Also present were Ali Bin Towaih, VP business development, Commercial and Project Management, Drydocks World and Amulya Mohapatra, Head of Shipping Cyprus. A number of topics of mutual interest were discussed - the foremost being business opportunities for developing the rig business. The discussions revolved around opportunities to build a number of offshore drilling rigs of the type "LeTourneau Super 116E" at Drydocks World yard for Foresight Limited Group. Offshore drilling and tankers and multipurpose ships form part of the fleet owned by Foresight Limited. These are managed from Cyprus. Considering the emerging leadership role of the UAE in the international maritime arena and its rapid evolution into a hub for maritime activity, the company now wants to shift its base and run its operations from the UAE. Dubai Maritime City will offer support and assistance for the company to establish itself in the region. Mr. Buamim said, "We are delighted that more and more companies are acknowledging the emerging clout of UAE in the maritime and energy, oil '&' gas arena. We are emerging as a strong contender in building drilling rigs and jack-up barges for the offshore oil '&' gas sector and have proven our mettle with some highly successful projects of great international significance, in recent times. Moreover, there is sustained interest from companies all over the world in the world-class Dubai Maritime City, which holds a cornucopia of companies with maritime interests, creating vital synergies for the growth of the industry, which is emerging from the global financial meltdown."