Two companies join forces to form new UAE-based oil & gas contractor
- Business & Finance
Ali & Sons Marine Engineering Factory (ASMEF), the UAE-based company catering to the marine and oil & gas industry, together with the Rosetti Marino Group, an Italian EPC contractor, have recently joined forces to form a new UAE-based company under the name of Rosetti-Ali & Sons.
With both companies aiming to increase acquisition and execution of potential onshore and offshore oil & gas EPC projects as well as enhancing their market reach and capabilities, the newly formed Rosetti-Ali & Sons is considered the platform established to realize this collective vision, while simultaneously injecting economic value into the UAE, the two companies said in a statement on Monday.
The recently finalized agreement was signed by Shamis Al Dhaheri, Group Managing Director of Ali & Sons Holding, and Stefano Silvestroni Chairman of the Board of the Rosetti Marino.
Speaking about this cooperative alliance, Shamis Al Dhaheri, Group Managing Director of Ali & Sons emphasized, “With ASMEF’s extensive capabilities and infrastructure, Rosetti Marino’s more than a century’s worth of experience and globally recognized reliable reputation, – the establishment of Rosetti-Ali & Sons is seen as the right step at the right moment towards forming a major player in the UAE market. The pioneering mindset of Ali & Sons has been instrumental in shaping the development of the UAE’s economy and Rosetti-Ali & Sons will add to our plethora of diverse, dynamic and high-end service offerings.”
With the increasing demand of the job market for oil and gas, the constant influx of projects rolling in both regionally and internationally, the collaboration proves timely in its occurrence.
Oscar Guerra, Chief Executive Officer of Rosetti Marino, commented: “The Rosetti-Marino Group is very pleased to offer its extensive expertise and to join forces with a reputable name in the region such as Ali and Sons. Courage to change, strong teambuilding, and our commitment to satisfying clients is the foundation of what our company has been built on. We have successfully achieved this step towards establishing a new partnership with ASMEF, which will assist in fulfilling our mutual objective of strengthening our position as a major contributor to the oil & gas and marine industry in the UAE.”
Guerra added: “We strive to add value towards the creation of a vibrant oil and gas industry for the UAE and to generate greater opportunities for valuable partnerships with local players in the oil and gas sector, as outlined in UAE strategic Vision. The Partnership is a fundamental step in-line with Rosetti Marino group growth and expansion plans. This strategic co-operation between us and ASMEF, facilitates the transfer of top-tier international engineering expertise, cutting-edge technologies and operational know-how in providing the highest quality standards and services towards the successful delivery of EPC projects.”
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