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Nakilat Shipyard JVs receive QR583mn al khaliji financing
Nakilat Shipyard joint ventures have received a total of $160mn (QR583mn) financing from al khaliji.
al khaliji has provided $120mn (QR437mn) financing to Nakilat-Keppel Offshore and Marine (N-KOM) and $40mn (QR146mn) to Nakilat Damen Shipyards Qatar (NDSQ).
“This agreement is a clear demonstration of the strength of our businesses at Erhama Bin Jaber Al Jalahma Shipyard. N-KOM’s and NDSQ’s track records are testament to the success of the Emiri vision for a world-class marine industry within Qatar,” said Abdullah Fadhalah al-Sulaiti, managing director of Nakilat and chairman of N-KOM and NDSQ.
To date, more than 200 projects have been completed at Erhama Bin Jaber Al Jalahma Shipyard since its inauguration in 2010.
N-KOM is a joint venture between Nakilat and leading offshore rig constructor and ship repairer Keppel Offshore and Marine; while NDSQ is a joint venture between Nakilat and Dutch shipbuilder Damen.
“The financing of Nakilat’s on-shore assets solidifies al khaliji’s position as a major player in the marine industry backed by our continued growth, our internationally recognised credit rating, and the trust our clients have placed in us to continue to deliver innovative financing solutions,” according to the bank’s group CEO Robin McCall.
Nakilat continues to play an instrumental role in establishing Qatar’s marine industry and has built a strategic relationship with al khaliji, he said.
“As Qatar continues to generate steady revenues from the hydrocarbon sector to support its plans of diversifying the economy, al khaliji will continue to play an important role in financing oil and gas and marine Industry projects and supporting the country’s solid growth and progress, he added.
Nakilat is a Qatari marine transport company providing the essential transportation link in Qatar’s liquefied natural gas (LNG) supply chain.
Its LNG shipping fleet is the largest in the world, comprising 56 LNG vessels. Nakilat also manages and operates four large liquefied petroleum gas carriers.
Through N-KOM and NDSQ, Nakilat operates the ship repair and construction facilities at Erhama Bin Jaber Al Jalahma Shipyard.
Source: Gulf Times
al khaliji has provided $120mn (QR437mn) financing to Nakilat-Keppel Offshore and Marine (N-KOM) and $40mn (QR146mn) to Nakilat Damen Shipyards Qatar (NDSQ).
“This agreement is a clear demonstration of the strength of our businesses at Erhama Bin Jaber Al Jalahma Shipyard. N-KOM’s and NDSQ’s track records are testament to the success of the Emiri vision for a world-class marine industry within Qatar,” said Abdullah Fadhalah al-Sulaiti, managing director of Nakilat and chairman of N-KOM and NDSQ.
To date, more than 200 projects have been completed at Erhama Bin Jaber Al Jalahma Shipyard since its inauguration in 2010.
N-KOM is a joint venture between Nakilat and leading offshore rig constructor and ship repairer Keppel Offshore and Marine; while NDSQ is a joint venture between Nakilat and Dutch shipbuilder Damen.
“The financing of Nakilat’s on-shore assets solidifies al khaliji’s position as a major player in the marine industry backed by our continued growth, our internationally recognised credit rating, and the trust our clients have placed in us to continue to deliver innovative financing solutions,” according to the bank’s group CEO Robin McCall.
Nakilat continues to play an instrumental role in establishing Qatar’s marine industry and has built a strategic relationship with al khaliji, he said.
“As Qatar continues to generate steady revenues from the hydrocarbon sector to support its plans of diversifying the economy, al khaliji will continue to play an important role in financing oil and gas and marine Industry projects and supporting the country’s solid growth and progress, he added.
Nakilat is a Qatari marine transport company providing the essential transportation link in Qatar’s liquefied natural gas (LNG) supply chain.
Its LNG shipping fleet is the largest in the world, comprising 56 LNG vessels. Nakilat also manages and operates four large liquefied petroleum gas carriers.
Through N-KOM and NDSQ, Nakilat operates the ship repair and construction facilities at Erhama Bin Jaber Al Jalahma Shipyard.
Source: Gulf Times
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