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
china wholesale market

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

date:Posted: July 30, 2015
INTERNATIONAL. JINSA's Gemunder Center Iran Task Force has released a new report to provide an expert analysis of the JCPA, the final agreement with Iran on nuclear disarmament.
date:Posted: July 29, 2015
UAE. "The proposed introduction of an Insolvency Law can only be a good thing, as it has the potential to strengthen business confidence and boost inward investment into the region."
date:Posted: July 29, 2015
UAE. Investment values in Egypt increased in 2014; UAE, Lebanon, Jordan and Morocco continue to be active in venture capital investments, according to the latest "MENA Private Equity & Venture Capital" report.
INTERNATIONAL. JINSA's Gemunder Center Iran Task Force has released a new report to provide an expert analysis of the JCPA, the final agreement with Iran on nuclear disarmament.
dhgate