Swiber, Rawabi sign GCC MOU

Aug. 21, 2008

Swiber Offshore Construction has signed a Memorandum of Understanding with Rawabi Holding Co. to develop business in offshore EPCIC projects and marine activities in Gulf Cooperation Countries (GCC).

Offshore staff

SINGAPORE -- Swiber Offshore Construction has signed a Memorandum of Understanding with Rawabi Holding Co. to develop business in offshore EPCIC projects and marine activities in Gulf Cooperation Countries (GCC). The GCC includes countries such as Saudi Arabia, Kuwait, Bahrain, Qatar, United Arab Emirates, and Oman.

As part of the MOU, the two parties have agreed to evaluate the merit of each business opportunity and determine the best form of association and leadership arrangement for each potential project within the GCC.

08/21/2008