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FINANCIAL NEWS
Oman DryDock targets bigger revenue by 2020
23 Apr 2012
(MENAFN) Oman DryDock Company (ODC), which operates the Sultanate’s ship repair yard at the port town Duqm, is seeking to reach annual USD200 million revenue by 2020, The Oman Observer reported.
Speaking at the 3rd Oman Economic Forum, Deputy CEO Khalil Ahmed Al Salmi
Said that the firm also aims to increase its workforce to around 4,000 employees, in a bid to become a key dry-dock in the region.
He also said that the yard dry-docked, repaired and maintained 76 ships of all types and sizes since its opening in April 2011, adding that a further two ships are currently under repair, seven more are due for dry-docking in the coming weeks, making a total of 85 ships on its order book.
The facility will also be outfitted to allow conversions of Very Large Crude Carriers into Floating Storage and Offloading vessels as well as Floating Production, Storage and Offloading vessels, reported the newspaper.
It is expected that ODC will develop into an integrated ship repair facility with the engineering ability to carry out repairs to a wide range of offshore structures and specialist vessels.
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