ASRY expects ‘favourable results’ on stronger order

ASRY, the Arabian Gulf’s leading maritime repair and fabrication facility, said it expects to achieve favourable results this year on the back of stronger order book and an optimistic pipeline.

“The company’s economic and operational conditions are stabilizing, mainly due to internal improvements, in combination with a stronger order book and an optimistic pipeline,” said Shaikh Daij Bin Salman Bin Daij Al Khalifa, Asry Chairman during a board meeting held at ASRY’s Headquarters.

He told the board improvement in oil prices has helped the company focus on increasing its activities in ship repair, oil drilling platforms and new projects. “It is expected that the company will achieve favourable results in the current year 2018,” Shaikh Daij said.