Lamprell to expand its operations from Hamriyah Free Zone

Updated 26 January 2016

Lamprell to expand its operations from Hamriyah Free Zone

SHARJAH: Aiming for further expansion in the region, Lamprell Energy Ltd  has leased more land in Hamriyah Free Zone.
Hamriyah Free Zone Authority (HFZA) Chairman Sheikh Khaled bin Abdullah bin Sultan Al-Qasimi and Lamprell CEO James Moffat, have signed an agreement in this regard.
“Lamprell has acquired an additional land area of 114280 square meters in phase 2 of the Hamriyah Free Zone as part of its development plans,” Shaikh Khaled, who is also the chairman for the Department of Seaports and Customs and Sharjah Airport International Free Zone (SAIF Zone), said, after inking the pact.
“We remain committed to giving our valued customers the best possible infrastructure to help support their growth aspirations,” added Sheikh Khalid.
The ceremony which was held at HFZ Authority’s headquarters.
HFZA and SAIF Zone director Saud Salim Al-Mazrouei, Ahmed bin Hadda Al-Suwaidi, director of HFZA Administrative Affairs, T. V. Ramesh, CFO, HFZA,  Lamprell COO Niall O ‘Connell and Lamprell Group Operations Manager Justin Taylor attended the event alongside HFZ Authority and Lamprell representatives.
Lamprell, a leading provider of fabrication, engineering and contracting services to the energy industry, has been active in Hamriyah Free Zone since 2007.
The additional land has been leased primarily in order to construct new fully automated fabrication areas including pipe fabrication shops and blasting and painting sheds, a Lamprell spokesperson said in a statement.
This initiative, which forms part of Lamprell’s “Project Evolution” initiative, aims to increase efficiency and productivity. This increased focus on automation and yard optimization is aimed at reducing pipe fabrication man-hours, improving safety, eliminating unnecessary material wastage and improving the quality of the Group’s products and services, Lamprell stated.
With this additional land, Lamprell now leases over 500,000 square meters  of land including 1,430 meters of quayside in Hamriyah Free Zone, Lamprell added.
Saud Salim Al Mazrouei, Director of HFZA and SAIF Zone said:
“We are delighted to celebrate the growth of Lamprell as this move will enable them to grow further locally and internationally. We see this development as another example of our strategic goal of empowering businesses paying off”.
“Our aim is to create a strong business environment by meeting the needs and demands of its investors”, Al Mazrouei added.
Hamriyah Free Zone Authority is the leading hub for petrochemicals, oil & gas bunkering and storage in the UAE and  a key force that attracts a large fraction of the foreign direct investment to Sharjah.
Lamprell, based in the United Arab Emirates and with over 40 years of experience, has an international reputation for building complex offshore and onshore process modules as well as fixed platforms and topsides, and holds leading market positions in the fabrication of shallow-water drilling jackup rigs, multi-purpose liftboats, land rigs, and rig refurbishment projects.

Top CEO Conference & Awards wraps up in Bahrain

Updated 17 April 2019

Top CEO Conference & Awards wraps up in Bahrain

The Top CEO Conference & Awards 2019, organized by TRENDS magazine — Mediaquest and international business school INSEAD, has concluded at the Al-Areen Palace and Spa in Bahrain. The event, held on Thursday, included seven key panel discussions under the theme “Growth in a Volatile Future” as well as the Top CEO Awards 2019 ceremony, which recognized the region’s most successful and trendsetting CEOs from more than 700 companies listed on GCC stock exchanges.

Top business leaders and more than 30 speakers from across the GCC shed light on the Middle East’s dynamic but volatile region and the burning issues facing the corporate world today. This year’s theme focused on a score of relevant issues, such as oil price fluctuations, tech disruptions, armed and political schisms that pose new risks, and opportunities. Speakers such as renowned economist Professor Nouriel Roubini provided growth solutions and road maps for businesses in the GCC region.

Alexandre Hawari, CEO of Mediaquest, said: “In its fifth edition, the Top CEO Conference & Awards fully encapsulated the theme of ‘Growth in a Volatile Future’ by acknowledging and exploring the growth transformation that the region is undergoing through digitalization and the fourth industrial revolution amid geopolitical tensions, looming trade wars and a rapidly evolving business environment. Building on the huge success of the previous years, the Top CEO Awards 2019 recognized CEOs and companies who have raised the bar by navigating challenges, implementing new strategies, and have demonstrated unquestionable growth, profitability and excellence in corporate governance.”

The conference kicked off with an opening keynote from Jassim Al-Seddiqi, CEO of the Abu Dhabi Financial Group and chairman of GFH Financial Group, who delved into the potential of transforming the region into a fintech hub and the importance of jumping on the digital bandwagon. 

The prime panel discussion on the “Future of Growth Amid Volatility” brought together five CEOs who explored methods to create future-proof strategies that can not only tackle challenges but also boost growth in a tough geopolitical and economic climate. 

Hisham Al-Rayes, CEO and board member of the GFH Financial Group, said: “Investing in the future in areas such as fintech, education and technology, the foundations for strong, enduring knowledge-based economies, is a priority for the group and the governments of the region in which we invest.”

“The Blockchain Opportunity” and “The Human Factor and Tech Innovation” panels brought together industry experts from Facebook, the Bahrain FinTech Bay and King Abdul Aziz University. 

“The Future of Women’s Business Leadership” panel discussed positive strides taken by GCC governments and businesses in leveling the playing field for women professionals.