The companies also identified a number of areas where they would jointly cooperate on partnering or acquiring stakes in companies that would suit the demand coming from active markets where demand exists.
“Milcon group has key strategic initiatives for the Mena market and we feel that the timing is good for us to formalize our agreement with Al Barij, a well established and respected business house in the important markets of Oman and GCC. We shall use our relationship to advance our business plans in the Mena region and other synergistic markets.” said Shameem Qurashi Chairman of Milcon Gulf Group.
“Al Barij has been dealing with several companies in the all important Asia Pacific Region for quite some time. With Milcon Group we feel we have found a well-suited strategic partner who is involved in a variety of sectors and industries, much like ourselves and we look forward to developing our many synergies and exploiting gaps in Mena and Asia Pacific markets.” said Mukhtar M Hasan – Chairman of Al Barij International.
Tuesday, December 27- 2011 @ 15:17 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.