Singapore's PACC Offshore Services Holdings (POSH) is muscling in on Persian Gulf business with a new joint venture.
The company said it has formed POSH Saudi Company with Saudi Arabia’s Hmood Al-Khalaf Group, which has interests in agriculture and transportation, including livestock carriers.
The new entity will be majority-owned by POSH.
"This expansion into the Middle East is in line with the group’s strategy to further penetrate the Persian Gulf, which has been identified as a key growth market amid ongoing global volatility in the oil and gas sector," POSH said.
POSH
