Oman Drydock reviews 56 investment opportunities for SMEs

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Oman Drydock reviews 56 investment opportunities for SMEs

Jul 13, 2018 8:00 AM

Oman Drydock Company a shipyard specialising in ship repair and conversion recently organised The Business Opportunities Forum in the Wilayat of Duqm at which it reviewed 56 investment and service opportunities...

Oman Drydock Company, a shipyard specialising in ship repair and conversion, recently organised ‘The Business Opportunities Forum’ in the Wilayat of Duqm at which it reviewed 56 investment and service opportunities for SMEs, said a report.

About 300 SMEs, local supplier and international companies operating in this field took part at the forum, added the Times of Oman report.

Engineer Said bin Hamoud Al Ma’awali, chief executive officer, Oman Drydock Company, said that the business opportunities include the building of specialised vessels such as fishing and the small vessels, the maintenance operations, the construction of offshore drilling platforms, the offshore production platform, the construction of maritime structures, providing supportive services to oilfields, manufacturing pipes inside the dock and other services related to this field.

He pointed out that the company needs such services this year as well as in 2019 and 2020.

Al Ma’awali added that the available business opportunities provided by the company, which are estimated at $100 million, include individual contracts and investment opportunities, partnerships with the company and other services that may be provided by SMEs to the company, such as transport, accommodation and other services.

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