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

date:Posted: September 23, 2017
INTERNATIONAL. IEA; Banning Uber, and clamping down on the Gig Economy more generally, is a restriction upon freedom of choice.
date:Posted: September 20, 2017
UAE. The latest BNC Network report shows 543 hospitality projects are active in the UAE - reflecting the vibrancy of the leisure, tourism and the entertainment sectors.
date:Posted: September 18, 2017
SAUDI ARABIA. A new report by executive search firm Metin Mitchell & Co highlights the confidence that Saudi women feel about their working futures and what needs to be done to increase the number of women in the workplace.
dhgate