Asry sees positive 2018

Manama : Under the chairmanship of Shaikh Daij Bin Salman Bin Daij Al Khalifa- Chairman of the Board of Directors, The Arab Shipbuilding & Repair Yard (ASRY) held its 151st meeting at the company’s headquarters in Hidd on Thursday.

The meeting chaired by Shaikh Daij Bin Salman Bin Daij Al Khalifa was held in the presence of the members of the Board and other members of the company’s Executive Management team.

The board reviewed the overall positive progress made in the forgone period and particularly during the second half of 2017 along with the last two months of the current year.

“It is expected that the company’s economic and operational conditions will improve mainly in relation to the new projects that the company has already secured and projects yet to materialize during 2018,” said Shaikh Daij in a statement.

The statement also said that the company will achieve favourable results in 2018 with improvement in oil prices and the company’s focus on increasing its activities in the ship repair, offshore and new projects.

The company also said that it continues with the roll-out of its new roadmap aimed at developing the business for the current and subsequent years.