Kuwait: Aries Group, one of the largest multinational conglomerates in the Middle East pressing ahead with a billion dollar investment plan in Kuwait . Aries Group chairman and CEO Sohan Roy said the investment is planned mainly into Marine/Offshore/Oil & Gas and Petrochemicals.
While talking to the media after a a one day Conference “KUWAIT SYMPOSIUM “held at Jumeriah Messilah Hotel, Kuwait, he said that Kuwait is an investment priority for Aries Group. “There is a lot of growth potential. We are looking at additional investments in Kuwait.
Broadening our horizon for the global Oil & Gas/ Petrochemicals industry, we humbly acknowledge that we are far short of what is desirable,” said Mr Roy, founder chairman & CEO of Aries Group of Companies.
Aries Marine, the flagship company of the group and the largest ship design and consultancy firm in the Middle East, will increase its market share in marine. The group will also strengthen its operations in various sectors by 2020 and will expand operations to more countries in the coming years.
The one day Conference held at Kuwait witnessed the distribution of IMC Excellence Award and global industry experts participation as speakers, panellists and delegates outlining the key updates about the Marine, Offshore and Oil & Gas Industry.
Aimed at key decision makers and high level policy takers within the Marine/Offshore/Oil & Gas sector, the event took place at a time when there is growing optimism about the future of many sectors of the regional shipping business.
The Conference aimed to focus on key market trends, giving attendees a unique insight into the opportunities that exist. The intention was to leave attendees with much clearer idea about future trade patterns, and market influences, so they are better placed build the foundations for longer term business growth.
In addition to getting vital knowledge on the industry, the conference offered the perfect networking environment to meet, exchange ideas and connect with your industry peers. The event also provided a right platform to network, strike deals, forge relations and take business to next level. This event was intended set a benchmark for future events.
Topics for Press Conference were Effective adaptability of Oil & Gas companies in Operating Safely in Deep Water, Future challenges of Oil Exploration, Analysis of fluctuating oil Prices and its impact on the Offshore Sector, Improving Capital Efficiency of Major Projects, Safety & Security, Challenges in Oil & Gas Construction and Installation in the region, Offshore Renewable Energy- Prospects in Middle East, Trends, Market Forecast and Future of Worldwide Offshore Oil and Gas Design Issues and Trends for Offshore Service Vessels, Efficiency improvement in Services to Offshore – Innovations and Developments, Pipelines/Moorings: Design and Construction, Life Extension issues of Offshore Assets, Asset Integrity Managements, Rules And Regulation , Classification Society Focus, Global Oil Price Analysis: What is the Impact?, Advanced Designs, Technologies and Innovations in Floating Technology, Asset Integrity & Offshore Decommissioning.