Shoaibi Group, GMS in Off- Shore Services Joint Venture

DUBAI - A new joint venture between Saudi Arabia’s Shoaibi Group, or SG, and the UAE’s Gulf Marine Services, or GMS, has been created to provide offshore barge operation services.

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Published: Tue 28 Jul 2009, 1:09 AM

Last updated: Sun 5 Apr 2015, 10:30 PM

The new company, named “Gulf Maritime Services Saudi Arabia Ltd”, or GMSSA, will be based in Al Khobar, Saudi Arabia, and will allow the JV partners to expand their off-shore operations of barge charters and avail from the scale of opportunity for all offshore areas arising in the region. D uncan Anderson, Chief Executive Officer of GMS said: “Saudi Arabia is an extremely important market to us. Shoaibi Group’s experience in the Saudi oil and gas sector perfectly complements GMS’s area of expertise. We believe we have the ideal partner to establish ourselves in the largest single market in the Arabian Gulf.”

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