Raysut Cement buys 50pc of OPCP
Raysut Cement, Oman’s largest cement producer by market value, said it acquired a 50 per cent stake in Oman Portuguese Cement Products Company (OPCP) to expand into new areas of the cement industry.
Raysut said 40 per cent would come from taking Oman Investment Corporation’s share with the remainder 10 per cent coming from acquiring part of Silva Corporation’s 60 per cent holding.
Raysut’s chief executive officer Mohammed Ahmed Al Dheeb said the deal was valued at RO1.92 million ($4.99 million).
Metito gets Adnoc contract
Water management solutions provider Metito has won a contract to supply demineralised water services to the Shah Gas Development in Abu Dhabi.
The Shah Gas development is operated by the Abu Dhabi National Oil Company (Adnoc) and located in Shah, about 220 km southwest of Abu Dhabi city.
The Dh8 million ($2.1 million) contract will see Metito design, engineer and supply a demineralisation plant and water polisher plant in order to provide high-purity water which will feed the boiler of the development’s petrochemical process plant.
Cavotec wins EMA prize
Engineering group Cavotec has won the Best Emerging Market Airport Equipment Service Provider award at the Second Emerging Market Airport (EMA) Awards in Dubai.
'We are delighted that our innovative technologies, and cooperation with our customers and partners have been recognised by the EMA Awards,' said Juergen Strommer, Cavotec managing director and regional manager for the Middle East and India.
'This is an important achievement for Cavotec and our colleagues in the region. We will continue to focus on the strengths that have brought us here today,' Strommer added on the award-distribution day..
The competition celebrates excellence in the airports sector in Africa, the Indian Subcontinent, Russia, the CIS, Eastern Europe and the Baltic States.
AJA expands aviation role
Al Jaber Aviation (AJA), a leader in VIP aviation and part of the Abu Dhabi-based Al Jaber Group, launched its foray into aircraft management, sales, consultancy and acquisition.
As part of the aircraft management portfolio, AJA will act as a consultant offering turnkey portfolio of management products, thereby, reducing up-front costs by cutting the plethora of commissions from brokers and independent consultants.
