You are hereHome SectorsUAE
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: July 21, 2014
UAE. The human factor drives the innovative capacity; The GII 2014 surveys 143 economies around the world, using 81 indicators-to gauge both their innovation capabilities and measurable results.
date:Posted: July 21, 2014
UAE. GCC IPO volume up 67% in H1 2014; H1 2014 saw the most capital raised and highest volume of IPOs since 2008; "The IPO market is very strong across MENA, particularly among the GCC countries."
date:Posted: July 21, 2014
UAE. The UAE's recent upgrade to "Emerging Market" from "Frontier Market" has increased its thirst for higher global rating, and playing a more pivotal financial role globally.
dhgate