Orient Source HK Ltd. launches multi-functional offshore & repair facility in Hamriyah Free Zone
Orient Source Hong Kong Group of Companies (OSHK), the International Commodity Trader and Project Investor, launched its state-of-art 247,570 sq ft Multi-Functional Offshore & 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 signing ceremony between by H.E. Saud Salim Al Mazrouei, Director of HFZA and Mr. Alistair Sean Jeffries, CEO of OSHK in the presence of senior directors from both entities.
The new facility will be known as BIG Energy Petroleum Marine & Infrastructure FZC (BIG) and will specialize in the Oil, Gas and Marine Sector as well as conducting and managing a boutique Petroleum Trading Platform for all majors and also undertake Infra & Energy Projects within the UAE and other GCC Countries.
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 & vessels, engineering services, field service, repairs and new build - oil & gas, leasing, storage, sale and purchase of oil & gas spares, supplies and stores, infra project work, marine management, port-led infrastructure & development projects, testing facility with certifications and approvals for oil & gas, petroleum trading, manufacturing and other related verticals.
Commenting on the occasion, Al Mazrouei said, "The new facility comes at a time when Sharjah is doing its utmost to attract quality investments that add value to the Emirate’s business environment, in line with the directives of H.H. Dr. Sheikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah," Al Mazrouei highlighted, adding, "It is also a culmination of the Emirate’s forward-looking vision developed to diversify the local economy and focus on vital sectors."
"Hamriyah Free Zone’s diverse services, along with its sophisticated infrastructure and modern facilities were the main reason behind being selected over other free zones. We are not only offering tax exemptions and easy access to regional and international markets, but also offer a single-window operation, 100 percent foreign ownership of business and repatriation of 100 percent capital and profits, and many world-class facilities and services for investors looking to establish their business in the UAE and operate with the support of a customer-friendly free zone" he noted.
Jeffries stated, “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.