ASRY Bahrain Signs MoU with ONEX Shipyards Greece

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Arab Shipbuilding and Repair Yard (ASRY) signed a Memorandum of Understanding (MoU) with ONEX Shipyards Greece with the aim to jointly collaborate on knowledge and experience sharing in the sector of maritime repair, technology, optimization, modernization and to explore future business opportunities.

This came during the signing ceremony which took place virtually between the two companies in the presence of Greek Prime Minister H E Kyriakos Mitsotakis. who was visiting ONEX Shipyards .  Mr Mitsotakis expressed his gratitude to ASRY for taking this first step to engage with one of the historical Greek shipyards which reflects Bahrain’s advanced capabilities in terms of economic cooperation. ASRY Managing Director Mazen Matar and ONEX Group President and CEO Panos Xeno signed the MoU.

Mr Matar expressed his deep appreciation to Mr Mitsotakis and Mr Xenokostas. “We are looking forward to the positive results of this MoU, which opens up a new horizon for the development of ASRY’s business on an international scale,” said Mr Matar.

"For decades now, ASRY has been working with and providing its services to the major Greek ship owners. The signing of this MoU today, only strengthens these relations and take them to broader dimensions not only for the repair and maintenance of Greek ships, but for entering partnerships with the Greek shipyards. The ONEX Group is one of the leading Greek business groups with a wide range of specialized companies such as ONEX Shipyards whom we look forward to seriously working with soon."

Mr Xenokostas expressed his contentment with signing the MoU with a renowned international shipyard as ASRY. “We are very pleased to join forces with the Arabian Gulf’s leading maritime and industrial optimization yard ASRY. Together we can implement the best practices and exchange valuable know-how for the benefit of our shared clientele. Our alliance will leverage our competitiveness to address the global market, so we look forward to start unfolding all this great potential of our cooperation the soonest possible."

The ONEX Shipyards & Technologies Group, headquartered in New York, was established in

2004 and offers a diversified portfolio of activities in strategic business sectors such as Ship building, Ship repairing, Homeland Security, Defense, Aviation, Maritime, ICT, IoT, Energy and more, with global partnerships and customers.