ASRYArab Shipbuilding & Repair Yard
ASRYAssociation des Stomatisés Richelieu-Yamaska
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This sentiment was echoed by ASRY acting chief executive Magdy Mustafa, who explained: "Even during market downturns, having multiple and diverse revenue streams provides more opportunities, as is being visibly demonstrated by our recent rig repair successes.
Historically, ASRY has always had the capabilities and resources to run a quality new construction programme, with several new-builds completed over the years, but we now see a gap in the market of regional ship construction of small- to medium-sized vessels.
ASRY chief executive, Nils Kristian Berg said: "This deal is significant for ASRY as it marks the beginning of ASRY's new move into the new construction market.
The selection committee highlighted several of the ASRY Chairman's achievements including his first role in the ports sector of Bahrain, where he oversaw the launch of a new port, the privatisation of port operations, and the creation of a new logistics zone.
ASRY is owned by the companies comprising OAPEC (Organisation of Arab Petroleum Producing Countries), namely Bahrain, Saudi Arabia, the UAE, Kuwait, Qatar, Iraq and Libya.
He noted that during the celebrations, ASRY would open of a new 1.
The event was attended by the yard's Chairman Shaikh Duaij Bin Salman Al Khalifa, Alternate ASRY Board Director Hassan Ali Al-Majid, ASRY Chief Executive Nils Kristian Berge and BCG Commodore Ala Abdullah Sayadi.
This will fulfill the future needs of ASRY and contribute to serving Bahrain community by contributing to daily national needs of sweet water.
BCG was represented by Lt-Col Abdul Aziz Al Buainain and Lt-Col Jahangir Sarwar, while ASRY New Construction and Engineering Senior Manager Sauvir Sarkar led the team from ASRY.
ASRY Chief Executive, Nils Kristian Berge; ASRY Technical Resources and Business Development General Manager, Magdy Mustafa; ABB Local Business Unit Manager and Area Manager Middle East and North East Africa, John Fyfe; Regional Business Development Manager, Shibu Rajamani and Head of Operations and Country Insurance Risk Manager - ABB UAE & Qatar, Nandagopal K, signed the pact.
In the past year ASRY has carried out conversions on Zamil 63, Zamil 64 and Zamil 502.
This deal is significant for ASRY," commented ASRY Chief Executive, Nils Kristian Berge, "as it marks the beginning of ASRY's new move into the new construction market.