SFDA to penalize 996 erring establishments    German Chancellor calls Saudi Crown Prince to discuss regional developments    Ministry penalizes Umrah companies over accommodation violations    Alkhorayef Commercial Company partners with XSQUARE Technologies to elevate logistics automation in Saudi Arabia    Hotel occupancy in Saudi Arabia rises to 63% as tourism workforce tops 983,000 in Q1 2025    Saudi e-commerce sales jump to SR69 billion during 1Q 2025    Scores killed in Gaza as Israel intensifies strikes    Trump lands first major legislative win after Congress passes his massive domestic policy bill    At 90, the Dalai Lama braces for final showdown with Beijing Reincarnation    Astronomers spot an interstellar object zipping through our solar system    Portugal and Liverpool FC winger Diogo Jota dies in car accident in Spain    Michael Madsen, actor of 'Kill Bill' and 'Reservoir Dogs' fame, dead at 67    Lacazette joins NEOM SC as Saudi Pro League newcomers boost attack with French star    Al Hilal sign Abderrazak Hamdallah on loan for Club World Cup push    Saudi Arabia and Indonesia call for immediate end to Gaza catastrophe Private sector companies sign pacts worth $27 billion during visit of President Prabowo    Elm, One sign MoU to enhance strategic partnership and support local content in communications and marketing sector    BTS are back: K-pop band confirm new album and tour    Michelin Guide launches in Saudi Arabia with phased rollout in 2025    Al Hilal stun Manchester City in seven-goal thriller to reach Club World Cup quarterfinals    'How fragile we are': Roskilde Festival tragedy remembered 25 years on    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Hamriyah Free Zone announces opening of multi-functional offshore & repair facility
Published in The Saudi Gazette on 08 - 08 - 2020

Orient Source Hong Kong Group of Companies (OSHK), the International Commodity Trader and Project Investor, has made its first foray into the UAE by launching its state-of-art 247,570 ft2 multi-functional offshore & repair facility at the Port of Hamriyah in Sharjah along with a Trading Platform with Hamriyah Free Zone.
The inauguration of the new facility was announced during a ceremony held recently to ink a partnership agreement with Hamriyah Free Zone . The deal was signed by Saud Salim Al Mazrouei, director of Hamriyah Free Zone & Sharjah Airport International Free Zone and Alistair Sean Jeffries, CEO of OSHK in the presence of senior directors from both entities.
The new facility will be known as BIG Energy (BIG) Petroleum Marine & Infrastructure FZC and will specialize in the Oil, Gas and Marine Sector as well as to conduct and manage a boutique Petroleum Trading Platform for all majors and also undertake Infra & Energy Projects within the UAE and other GCC Countries.
OSHK affirmed that the new entity is just the first phase of its ambitious 4-year structured project plan with its vision of "We Grow.... Together" with Hamriyah Free Zone in the UAE.
BIG will construct and commission a new state-of-the-art Multi-Functional and Fully Integrated Offshore and Repair Yard (MFORY) involving the following core activities; oilfield equipment repair, remanufacture, testing and recertification, pump rebuild and testing, upgrades of on/offshore rigs & vessels, engineering services, field service, repairs and new build — oil & gas, leasing, storage, sale and purchase of oil & gas spares, supplies and stores, infra project work, marine management, port-led infrastructure & development projects, testing facility with certifications and approvals for oil & gas, petroleum trading, manufacturing and other related verticals.
Commenting on the occasion, Al Mazrouei said: "We, welcome OSHK's move to open a new world-class facility in Hamriyah Free Zone and we thank them for their trust. Selecting Sharjah, particularly HFZ, as the new headquarters for OSHK's operations in the region is yet another motive for us to double our efforts to implement Sharjah's vision of becoming a regional hub for oil industries. We are keen to constantly invest in our services, facilities and infrastructure to always go above and beyond investors' expectation."
"The new facility comes at a time when Sharjah is doing its utmost to attract quality investments that add much to the Emirate's Business Environment, in line with the directives of Dr. Sheikh Sultan Bin Mohammad Al Qasimi, Supreme Council member and ruler of Sharjah," Al Mazrouei said, adding: "It is also a culmination of the Emirate's forward-looking vision developed to diversify the local economy and focus on vital sectors."
"Hamriyah Free Zone diverse services, along with its sophisticated infrastructure and modern facilities were the main reason behind being selected over other free zones. We are not only offering tax exemptions and easy access to regional and international markets, but also offer a single-window operation, 100% foreign ownership of business and repatriation of 100% capital & profits, and many world-class facilities and services for investors looking to establish their business in the UAE and operate with the support of a customer-friendly free zone," he noted.
Jeffries made it clear that OSHK has a BIG plan to disrupt the entire industry landscape by using bold, innovative and integrated verticals and which will also be sustainable, people-centric and with minimum impact on the environment.
"Through our new facility, we are looking forward to strengthening our presence in the Middle Eastern markets launching from Hamriyah Free Zone, which enjoys unique potential and resources and delivers value-added service."
"We are certain that BIG will grow to become one of the top companies in the field of oilfield equipment repair, remanufacture, testing and recertification and implementing leading projects in the oil industry not only in the UAE but also in the region," Jeffries said, adding that Hamriyah Free Zone was the right choice to achieve that purpose and enhance the company's competitiveness given its logistic facilities, not to mention its 14-meter deep port among other facilities.
Meanwhile, Mehernosh Daraius Jesia, COO of BIG - MFORY UAE, stressed that BIG will spare no effort to continuously improve the quality of its business and be a catalyst for radical development and conscientious social change within and beyond its areas of operation.
He added that the company will offer an all-in-one multi-purpose yard which will provide petroleum service contractors and other operators, a comprehensive value-added, responsive service at competitive costs to optimize their performance and reliability of their equipment by providing unbiased engineering analysis, quality workmanship and responsive field service for improved operations. — SG


Clic here to read the story from its source.