You are hereHome CountriesBahrain
Riyada Group and DCI signs MOU for business cooperation
Source: Riyada Group , Author: Posted by BI-ME staff
Posted: Sun December 4, 2016 2:41 pm

BAHRAIN. Dredging Corporation of India Limited (DCI), Government of India undertaking, a premier public sector dredging company, and Riyada Group of Companies, Kingdom of Bahrain, has signed a Business cooperation Memorandum of Understanding (MoU) for mutual cooperation with a view to expand further opportunities and expand operations in Gulf cooperation council countries and Middle East countries.

The MoU was signed by Shri Rajesh Tripathi - Chairman & Managing Director of DCI and Her Highness Shaikha Dheya bint Ebrahim Al Khalifa - President of Riyada Group in the city of Manama, Kingdom of Bahrain.

Riyada group, one of the leading companies in the Middle East with holdings in diversified sectors and joint ventures with numerous renowned international companies.  President of Riyada Group, Her Highness Shaikha Dheya commented: “We believe that DCI is a reliable and competent partner that would add value to the completion targets of the various land reclamation, dredging and ports maintenance and developments projects in our region”.

DCI has successfully carried out land reclamation work in Bahrain in the year 2004-2005 & 2005-2006, maintenance & capital dredging works as well as land reclamation works of all major ports in India, Sri Lanka and Taiwan, since its inception in the year 1976.

DCI owns state of the art equipments which include 12 Trailer Suction Hopper Dredgers (TSHDs), three Cutter Suction Dredgers (CSDs), three Survey launches fitted with latest survey equipment, one Inland Cutter Suction Dredger and one High power backhoe dredger.

The Business cooperation MOU was inked in order that DCI could project its capabilities and expertise in the areas of dredging & reclamation to the prospective market in the Middle East region.

The deal also facilitates utilisation of equipment of each other for execution of various projects like Capital Dredging, Maintenance Dredging, Breakwater, Revetments and Rock works, Land Reclamation, Sustainable Profitable ventures on PPP route on Infrastructure projects.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: March 27, 2017
UAE. PwC issues new report jointly with the Global Manufacturing & Industrialisation Summit; The report outlines a roadmap for CIOs to manage the transformation of industrial companies to successfully adopt IIoT; Devising a digital strategy is key for manufacturers
date:Posted: March 27, 2017
UAE. The strongest growth rate for 2014-2015 in the region was led by Saudi Arabia and the UAE, according to a new report from The Boston Consulting Group.
date:Posted: March 27, 2017
UAE. As banks seek to be more competitive and enhance customer experiences, many look to transform their old legacy banking systems with more efficient new core solutions.
UAE. A recent study by The Boston Consulting Group found that, in 2016, GCC banks' revenues grew by 5.2%, down about 2 percentage points from 2015; The impact of the decline in oil prices has hit the banking industry; Profits declined by 3.2% for the first time since 2008.
dhgate