Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) has entered into an agreement with Switzerland-based SeaQuest Group to set up a partnership in ship management, advisory services and marine project management.
Under the agreement, GulfNav will expand its business in the Middle East, Africa and other neighbouring countries through a new company that will be headquartered in Dubai starting from January 2017 and will be a subsidiary of Gulf Navigation Holding.
GulfNav said that the partnership is in line with its strategic plans and capitalization on opportunities to develop the maritime sector in the region, diversify the sources of the income and switch to a multi-enterprise business establishment.
“This partnership will not only contribute in our business growth in the field of the ship management, but also it will contribute in the expansion of our services in the field of the technical consultancy, to manage a variety of maritime projects and improve the quality of our services with the support and experience of our new partners,” Khamis Juma Buamim, Board Member, Managing Director and Group CEO of Gulf Navigation Holding, said.
The agreement was signed between GulfNav’s subsidiary Gulf Ship Management and SeaQuest Group in Geneva on December 21.