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 unit wins Riyadh Rapid Bus Transit System deal

11/08/2018

Saudi-based Zamil Steel Construction Company (ZSCC) said it has secured a supply contract worth SR13.9 million ($3.7 million) from Saudi Constructioneers for its Riyadh Rapid Bus Transit System (BRT)

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

Ticker Price Volume
SABIC 118.60 3,051,555
EEC 17.96 1,356,411
WALAA 23.70 381,943
JAZIRATKFL 19.00 85,514
SACO 71.00 167,636
STC 81.90 322,056
JABALOMAR 38.30 838,646
ZIIC Sector Market
P/E
Price/BookValue
Dividend Yield (%)
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 118.60 1.80 (1.54%)
MAADEN 48.90 -1.30 (-2.59%)
YANSAB 70.90 0.90 (1.28%)
SAFCO 77.10 -0.40 (-0.52%)
KAYAN 16.18 -0.10 (-0.62%)
Alizz Islamic inks pact with Takaful Oman

19/09/2018

Reinforcing its position as one of Oman's most innovative Islamic banking institutions, Alizz Islamic Bank signed a Memorandum of Understanding (MoU) with Takaful Oman, the Sultanate’s first full-fle

Times of Oman

Du inks deal with ADGM

19/09/2018

Dubai-based telecom operator du has announced a new partnership with the Abu Dhabi Global Market (ADGM) to facilitate its digital transformation agenda.

The MoU sets a formal framework for

Gulf News

Barwa Real Estate takes part in Qatar-Russia 2018 Year of Culture

19/09/2018

Barwa Real Estate Group, one of the leading real estate and investment companies in Qatar and the region, participated in the Qatar-Russia 2018 Year of Culture, where a seminar entitled “Qatar: No Li

The Peninsula

Saudi Aramco unit hosts first graduation ceremony

19/09/2018

Saudi Aramco, a world leader in integrated energy and chemicals, said one of its units, Saudi Arabian Drilling Academy (Sada) held its first graduation for a cohort of 132 students representing 34 dr

Trade Arabia

Aldar Properties wins award for Emiratisation

19/09/2018

Aldar Properties, a leading developer in Abu Dhabi, has announced that it had won a prize in the small company category of the Emirates Emiratisation Awards, an initiative of the UAE's Ministry of Hu

Trade Arabia