26/10/2017 07:44 AST

Saudi-based Zamil Offshore Services, a leading offshore and marine services provider in the Middle East, said it has formed a strategic partnership with Scotland's UTEC to exclusively execute offshore survey projects in the kingdom.

Zamil Offshore is a pioneer in shipbuilding and ship/rig repair within the kingdom and an active player in the offshore construction sector. Since its establishment in 1977, the company has been keen on the addition of valuable services to its portfolio.

UTEC, a unit of the UK-based specialist subsea services company Acteon, is an innovative, solutions-driven, survey service company that offers a complete range of marine survey services - starting from pre-engineering geophysical, AUV surveys, geotechnical and metocean services to construction support.

The Scottish group has upscaled its operations in the Middle East since establishing a presence in the region 18 months ago. It now employs 20 onshore and offshore personnel in its Abu Dhabi office.

UTEC has been successfully working in Saudi Arabia, providing positioning equipment and construction support for pipelay and jacket installation operations, since March this year, said a statement from the company.

Stuart Cameron, the chief executive officer of UTEC, said: "We've experienced rapid growth since moving into the region last year and with our new office in Abu Dhabi we are set up to increase support to our clients' survey requirements."

"The partnership with Zamil makes perfect sense; both companies bring their own unique strengths to create a strong client proposition," he said.

Cameron pointed out that the company had seen an increase in potential work opportunities in Saudi Arabia and it expected this to continue going forward.

"This partnership is the first step in our strategy to increase our presence and contribution in the kingdom," he stated.

Sufyan Al Zamil, president of Zamil Offshore dubbed the Scottish company tieup as a strategic move, mainly since it continues to diversify service offerings to clients.

"Surveying services adds a competitive edge to our company and is a sensible continuation of our current services in the marine and offshore construction segments, where synergies will be apparent," he noted.

"We foresee a great opportunity in this growing market and we plan on investing in its localisation," he added.


Trade Arabia

Zamil Industrial SAR 263 million net profit for year 2015

20/01/2016

Zamil Industrial Investment Co. (Zamil Industrial) has announced its consolidated interim financial results for the period ending 31 December 2015.

Net profits for the fourth quarter of 20

Press Release

Zamil Steel Construction Company wins SR19 million Aramco contract

29/10/2015

Zamil Steel Construction Company (ZSCC), a subsidiary of Zamil Industrial Investment Co. (Zamil Industrial), was recently awarded an engineering, procurement and construction (EPC) contract worth aro

Arab News

Zamil Industrial Investment Co. Awarded SAR 118.8 Million Contract

12/07/2015

Zamil Structural Steel Company Ltd. (ZSSC), a wholly owned subsidiary of Zamil Industrial Investment Co. (Zamil Industrial), has been awarded a contract valued at SAR 118.8 million (USD 31.7 million)

Press Release

Ticker Price Volume
ZAMILINDUST Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
SABIC 61.40 0.10 (0.16%)
MAADEN 44.90 0.25 (0.55%)
SABICAGRINUTRIENTS 103.40 -0.20 (-0.20%)
MARBLEDESIGN 78.90 0.00 (0.00%)
LIMEINDUSTRIES 12.26 -0.28 (-2.24%)
Aramco, China's BYD collaborate on new energy vehicle technologies

21/04/2025

Saudi energy major Aramco and Chinese electric vehicle manufacturer BYD have signed a joint development agreement to explore advancements in new energy vehicle technologies.

The partnership

Arab News

AlRayan Bank launches Self-Service Digital Zone

21/04/2025

As part of its ongoing transformation journey, AlRayan Bank has officially launched the first-of-its-kind standalone Self-Service Digital Zone (ALRAYAN GO Kiosk) in the State of Qatar. This innovativ

The Peninsula

QIIB announces 15 winners of 'Joud' savings account quarterly & monthly prize draws for March

21/04/2025

QIIB has announced the names of 15 winners of the March 2025 'Joud' savings account prize draw, which included five quarterly winners-each receiving a prize of QR50,000-and 10 monthly winners, who we

The Peninsula

Ajman Bank posts Dh145 Million profit before tax in Q1 2025, reflecting 24% growth

21/04/2025

Ajman Bank has posted a profit before tax of Dh145 million in Q1 2025, reflecting a 24 per cent increase.

The bank reported the net operating income of Dh199 million, up by 2 per cent for Q

Khaleej Times

China's ENN, Zhenhua Oil Agree LNG Deals with ADNOC

20/04/2025

China's privately controlled ENN Natural Gas and state-run Zhenhua Oil have each signed a term deal to buy liquefied natural gas from Abu Dhabi National Oil Company (ADNOC).

ENN Natural Gas

Asharq Al Awsat