Company selects European project management and engineering consultancy Royal HaskoningDHV to develop plans to upgrade its shipyard facilities
Milaha has selected Royal HaskoningDHV, a leading independent, international project management and engineering consultancy firm based in the UK and the Netherlands, to develop plans to upgrade its shipyard facilities in Mesaieed in preparation for further growth in current markets and expansion into new areas of operations.
The upgrade is expected to commence in early 2019 and to be completed by third quarter (Q3) 2020.
Since its foundation in 1978, Milaha’s strategically-located shipyard has repaired approximately 8,000 vessels by serving a number of regional and international shipowners.
The shipyard also serves the industrial markets by providing maintenance, shutdown, fabrication and workshops services.
On the upgrade plans, Milaha’s President and CEO Abdulrahman Essa al-Mannai said, “The phased upgrade plan for our shipyard is being done to support our business strategy and to increase the shipyard’s market share in four diversified target market sectors, all with minimal disruption to the ongoing operations at the facility. When completed, the shipyard will have an increased capacity and efficiency in handling ship repair works of larger and more complex size will enhance the focus on the industrial business support and ensure a world class solution for all its clients.
“Additionally, the planned upgrades include a new larger floating dock, larger and enhanced workshops and an overall revamping of the facilities aimed to the introduction of unique services to support specialised areas of Qatar ongoing development.
Royal HaskoningDHV CEO Erik Oostwegel said, “We are honoured to be appointed by Milaha Shipyard for this major upgrade investment planning for the whole shipyard production facilities to meet the challenges of the next 40 years.”
The company was established in July 1957 as the first public shareholding company registered in Qatar and holds commercial registration number 1.
Milaha’s current activities include marine transportation in gas, petroleum products, containers and bulk, offshore support services, port management and operations, logistics services, shipyard, trading agencies, real estate investments, and asset management.
The legal entity, Qatar Navigation QPSC, is publicly listed on the Qatar Stock Exchange.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Dollar’s longest slump since January may deepen, says Scotiabank
French banks to step up bad loan sales as regulation bites: Deloitte
Brexit’s impact on world economy to be minimal, says Mervyn King
Wirecard hires KPMG for independent audit after FT allegations
Berlin freezes rents in key plan to tackle cost spiral
Scharf’s era atop Wells Fargo begins with lengthy to-do list
Collapse in coal prices spurs distress for Indonesian miners
Japan’s extended exports slump could push BoJ to ease policy next week
Temasek makes $3bn bid to take control of Keppel Corp