Al-Mannai: New strategies.

Halul Offshore Services Company, a wholly-owned subsidiary of Milaha, received an award for the ‘Most Innovative Stand’ at the Seatrade Offshore Marine and Workboats Middle East exhibition held in Abu Dhabi recently.
Halul took part as an exhibitor at the event and its CEO, Vivek Seth, spoke at the ‘Marine and offshore leaders forum’ about the state of the marine and offshore industries in the Middle East.
The forum discussed the challenges facing the offshore services industry and its future, in light of the prevailing market conditions. The key topics included analyses and forecasts of the oil price; supply and demand drivers for offshore services; and a focus on regional developments — from the Red Sea to the Caspian Sea, and from Africa to South Asia.
Abdulrahman Essa al-Mannai, president and chief executive officer of Milaha, said: “In the light of the decline in oil prices, it is vital that industry leaders brainstorm about how to meet the current challenges and devise strategies to enhance competitiveness. Seatrade Offshore Marine and Workboats Middle East and ‘The Marine and Offshore Leaders Forum’ were an important platform to gather decision makers and stakeholders to take an in-depth look at the options and to discuss issues of supply and demand affecting mid- to long-term profitability of the sector.”
Seth said,“The price decline in the oil and gas sector is a challenging issue for the marine and offshore services industry. This has led us and our peers to re-evaluate our strategies as we explore new business opportunities. We believe now is the right time, as an industry, to improve on our standards of service, initiate technological innovation, and enhance quality, safety and security to ensure long-term sustainability. As we adapt to the changing market, such moves will enable us to ride out the prevailing volatility while we plan for long-term growth. The Marine and Offshore Leaders Forum at Seatrade Offshore Marine and Workboats Middle East is a great opportunity to debate relevant issues and discuss strategies to overcome difficult times with our peers and partners.”
The region’s leading event saw the participation of a senior delegation from Milaha, led by Sheikh Ali bin Jassim al-Thani, chairman, and Abdulrahman Essa al-Mannai, president and chief executive officer.