GulfNav Eyes Expansion in Northern Emirates

GulfNav Dubai-based shipping company Gulf Navigation Holding (GulfNav) is looking to expand its operations in the northern region of the United Arab Emirates with a set of maritime activities under the GNH Northern Project. A consortium consisting of GulfNav and two members of China Shipbuilding Industry Corporation (CSIC) group, namely, Wuchang Shipbuilding Industry Group and Qingdao Beihai Shipbuilding Heavy Industry, has started to review and finalize the plans for the start of the project. GulfNav said that the maritime activities would include ship building, ship repair and offshore platforms, equipment and services, logistics, marine specialized operations and global mobile ship repair and services including a float and during voyage. The GNH Northern project will be developed in three phases and as part of future business expansion and growth conceived and approved by the board of Directors of GNH under its change and transformation plans, which intends development and expansion of GNH’s infrastructure in the northern coast and deep waters areas including the Arabian Gulf, Gulf of Oman, the Arabian Sea, the Indian subcontinent, Eastern Africa and the Red Sea. The first phase of the project will include development and upgrade of capacity of existing facilities and a Floating Dock, as well as the development of specialized mobile cranes working remotely for all types of ships and offshore platforms. We are working on creating partnerships as part of GNH’s global expansion and development strategy and to establish ourselves are market leaders in all areas of the maritime sector and to diversify sources of our income and create value for our shareholders, Khamis Juma Buamim, GNH Board Member, MD & GROUP CEO said.