Dubai's Drydocks in Southeast Asia JV with Kuok Group
Source: BI-ME with Reuters , Author: Posted by BI-ME staff
Posted: Wed June 27, 2012 8:50 am

UAE. Drydocks World, the indebted Dubai shipbuilder, said on Wednesday it has inked a joint venture for its Southeast Asia operations with a company linked to Malaysian billionaire Robert Kuok.

Drydocks, which is restructuring US$2.2 billion in debt and sought insolvency protection in April, said the venture with Kuok Group's Pacific Carrier Ltd. will be based in Singapore.

Drydocks' Southeast Asia operations are based in Singapore and Indonesia. No financial details were given.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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INTERNATIONAL. U.S. strategic conception must evolve away from seeing these conflicts as distinct theaters into seeing them as different aspects of the same theater: the Black Sea.
date:Posted: September 1, 2014
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
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