Orient Source Hong Kong Group of Companies (OSHK), an international commodity trader and project investor, has made its foray into the UAE by launching its state-of-art 247,570 sq ft multi-functional offshore and repair facility at the Port of Hamriyah in Sharjah along with a trading platform with Hamriyah Free Zone.
The inauguration of the new facility was announced during a ceremony held to sign a partnership agreement with Hamriyah Free Zone. The deal was signed by Saud Salim Al Mazrouei, Director of Hamriyah Free Zone and Sharjah Airport International Free Zone and Alistair Sean Jeffries, CEO of OSHK in the presence of senior directors from both entities, a statement said.
The new facility will be known as BIG Energy (BIG) Petroleum Marine & Infrastructure FZC and will specialise in the oil, gas and marine sector as well as conduct and manage a boutique petroleum trading platform for all majors and also undertake infrastructure and energy projects within the UAE and other GCC Countries, said the statement.
OSHK affirmed that the new entity is the first phase of its ambitious four-year structured project plan with its vision of “We Grow…. Together” with Hamriyah Free Zone in the UAE.
BIG will construct and commission a new state-of-the-art multi-functional and fully integrated offshore and repair yard (MFORY) involving the following core activities: oilfield equipment repair, remanufacture, testing and recertification, pump rebuild and testing, upgrades of on/offshore rigs and vessels, engineering services, field service, repairs and new build - oil & gas, leasing, storage, sale and purchase of oil and gas spares, supplies and stores, infra project work, marine management, port-led infrastructure and development projects, testing facility with certifications and approvals for oil and gas, petroleum trading, manufacturing and other related verticals.
Al Mazrouei said: “We welcome OSHK’s move to open a new world-class facility in Hamriyah Free Zone and we thank them for their trust. Selecting Sharjah, particularly HFZ, as the new headquarters for OSHK’s operations in the region is yet another motive for us to double our efforts to implement Sharjah’s vision of becoming a regional hub for oil industries. We are keen to constantly invest in our services, facilities and infrastructure to always go above and beyond investors’ expectations.
“The new facility comes at a time when Sharjah is doing its utmost to attract quality investments that add much to the emirate’s business environment, in line with the directives of HH Dr Sheikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah,” Al Mazrouei highlighted.
“Hamriyah Free Zone’s diverse services, along with its sophisticated infrastructure and modern facilities were the main reason behind its selection over other free zones. We are not only offering tax exemptions and easy access to regional and international markets, but also a single-window operation, 100% foreign ownership of businesses and repatriation of 100% capital and profits, and many world-class facilities and services for investors looking to establish their business in the UAE,” he noted.
Jeffries said that OSHK has a big plan to disrupt the entire industry landscape by using bold, innovative and integrated verticals which will also be sustainable, people-centric and with minimum impact on the environment".
“Through our new facility, we are looking forward to strengthening our presence in the Middle Eastern markets launching from Hamriyah Free Zone, which enjoys unique potential and resources and delivers value-added service.”
“We are certain that BIG will grow to become one of the top companies in the field of oilfield equipment repair, remanufacture, testing and recertification and implementing leading projects in the oil industry not only in the UAE but also in the region,” Jeffries said, adding that Hamriyah Free Zone was the right choice to achieve that purpose and enhance the company’s competitiveness given its logistic facilities, not to mention its 14-metre deep port among other facilities.
Meanwhile, Mehernosh Daraius Jesia, COO of BIG - MFORY UAE, stressed that BIG will spare no effort to continuously improve the quality of its business and be a catalyst for radical development and conscientious social change within and beyond its areas of operation.
He added that the company will offer an all-in-one multi-purpose yard which will provide petroleum service contractors and other operators, a comprehensive value-added, responsive service at competitive costs to optimize their performance and reliability of their equipment by providing unbiased engineering analysis, quality workmanship and responsive field service for improved operations. – TradeArabia News Service