Drydocks World signs MOU with MARS

MOU was signed by H.E. Khamis Juma Buamim, Chairman of Drydocks World and Maritime World and Mr. Piotr Slupski, President of the Management Board, MARS Fundusz Inwestycyjny Zamkniety MOU was signed by H.E. Khamis Juma Buamim, Chairman of Drydocks World and Maritime World and Mr. Piotr Slupski, President of the Management Board, MARS Fundusz Inwestycyjny Zamkniety

DECEMBER 12, 2013 — Dubai's Drydocks World and Maritime World have signed a MOU with MARS Fundusz Inwestycyjny Zamkniety (MARS Closed-End Investment Fund), a Warsaw, Poland, based company, that manages multiple companies engaged in marine and maritime sectors including shipyards, ship repair services and offshore structure construction companies.

The mutual areas of cooperation under the MOU will be based on identification of projects suitable for common execution or close partnership as contractors or subcontractors in the offshore services and maritime sectors including the repair, refurbishment, conversion and new building of oil rigs, process modules and semi-submersible platforms, fabrication of steel structures for oil and  gas subsea applications and offshore wind power farms, conversion of Floating Storage and Offloading (FSO) and Floating Production Storage and Offloading (FPSO) units.

This is intended to result in the development of investment opportunities and exchange of knowledge in all aspects of business and industry, including workforce development, education and training, research, and jobs opportunities and to facilitate the exchange of investments in the maritime and marine sectors.

The MOU was signed by H.E. Khamis Juma Buamim, Chairman of Drydocks World and Maritime World and Mr. Piotr Slupski, President of the Management Board, MARS Fundusz Inwestycyjny Zamkniety on the sidelines of the UAE – Poland Business Forum on December 12, 2013. His Excellency Sultan Al Mansoori, Minister of Economy, UAE and His Excellency Mohammed Abdulaziz Al Shehhi, Undersecretary of  the UAE Ministry of Economy attended the event.
 
Speaking on the significance of the MOU, H.E. Khamis Juma Buamim, said, "Our businesses can complement each other especially in areas of mutual interest such as services related to oil & gas and renewable energy. We are always looking at forming meaningful partnerships with global institutions working in the same field and to support the growth of marine and maritime sectors. There is considerable synergy in what we do and this can provide substantial leverage for the alliance especially in the European market."

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