FINANCIAL NEWS

UAE’s Gulf Marine to pump USD400m in new investments

11 May 2014

(MENAFN) UAE-based oil services firm Gulf Marine Services said it plans to invest as much as USD400 million by 2016 and expand into South-East Asia and West Africa in 2015, according to the Emirates 24/7.

The Abu Dhabi-based firm is among the leading players in the offshore services industry in the Middle East and North Africa (Mena) as well as the southern North Sea.

Chief Executive Duncan Anderson said: “There’s huge potential in South-East Asia and West Africa where our type of assets are in demand and we need to take tonnage there.”

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