Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The EU is trying its utmost to reverse this with a multi million euro credit line https://www.theguardian.com/world/2019/jun/26/credit-line-to-be-announced-to-ease-eu-and-iran-trading The world can not afford a war that will cripple the world economy - even though Trump in his little world thinks it should be ok!
WSG in action - security is clearly working ;-P https://www.cediland.net/threads/sierra-leonean-stowaway-disembarked-in-tema-port.1198/
Thanks Gibbo The £4miilion owed to WSG from previous work - do we know where that is from? The same report mentions “Royal Palaces Protection & Marine Security – Middle East ($11m): Westminster secured an $11 million contract to provide advanced technology security solutions to secure the royal palaces of a Middle Eastern Royal Family (Page 10)” - do we know where this was? Was it Bahrain and did coincide with the Arab spring? Was WSG only paid $7million from this contract it did we receive the full payment? Just being nosey sorry
“Bahrain Airport Company (BAC) and the kingdom's Civil Aviation Affairs (CAA) met earlier this week to discuss and review security plans for Bahrain International Airport’s (BAH) upcoming passenger terminal building, which is due to open in Q3 2019” https://www.constructionweekonline.com/projects-tenders/256008-security-plans-reviewed-for-bahrain-international-airports-new-terminal Assume we previously provided services to Bahrain Airport Services - listed on page 13 https://www.wsg-corporate.com/wp-content/uploads/UK-Investor-Show-Presentation.pdf Could this be where the outstanding £4million is due from? Another contract on its way (through WSG Arabia)?
The BICC meeting could also be linked to INSTEX coming into operation in the next few days “EU-Iran trade mechanism INSTEX (Instrument for Supporting Trade Exchanges) will be partly operational within days according to EEAS official“ https://twitter.com/externalaction/status/1143450871751200768 Guess we could find out soon .......
Yes did jaytee1 thank you - shared that yesterday :-) With WSG Arabia in operation doors could open up now as getting one foot in the door of one Gulf country (especially Saudi as the lead country) could mean entry into the other Gulf countries too (they wish to standardise the approach throughout the GCC)!!
Never know - “The PM'S Trade Envoy, Lord Lamont and DIT Iran Director, Keith Wellings addressed a packed meeting of British Iranian Chamber of Commerce members in London today” https://twitter.com/tradegovukMENA/status/1143438051215126528 Following the weekend UK delegation visit to Iran - something brewing?
The figures are huge “The total number of passengers at the Kingdom’s airports during the year ending 2019 will reach (101,554,331) passengers. This translate into an increase of 129.3% compared to the previous passenger level in the last 10 years, which reached (44,287,274) million passengers. This reflects the growing high demand and the positive outlook on the future of the sector for the coming years. It is expected that the number of passengers at the Kingdom’s airports by the year ending 2030 will reach (195,786,972) million, a growth rate of more than (92.8%) compared to the current year of 2019.” https://gaca.gov.sa/web/en-gb/news/19/03/2019-aa
Never know about Oman - the British Embassy and DIT reps met with senior management officials at Muscat International Airport #Businessisgreat https://twitter.com/tradegovukMENA/status/1143070224960380928 Hmmmmm wonder what ‘business’ they have been talking about???
Saudi Arabia’s King Salman provided a $1 million donation to the International Civil Aviation Organization (ICAO) last week. If they are happy to donate this amount what do we reckon aviation security contracts will actually be worth??.... http://www.arabnews.com/node/1512081/saudi-arabia
Meeting happened in September 2018 https://www.internationalairportreview.com/news/75188/saudi-arabia-britain-invest-aviation/ following Therea May’s visit last year (aviation security was discussed) https://saudiembassyuk.co.uk/united-kingdom-saudi-arabia-joint-communique/
Key statements / headlines: “keen on maximizing security” “roundtable meeting with major British companies in the field of civil aviation” - happened towards the end of last year / very early this year (as the article was published in Jan). Key notes: “The achievements were reflected in the growth of the civil aviation market in the Kingdom of Saudi Arabia and the increase in air traffic. The number of passengers at the Kingdom's airports in 2018 reached more than 98 million passengers, an increase of 7.4% over the previous year, while the number of flights in 2018 increased by 3.4% Of 773 thousand flights.” “GACA was also keen on maximizing security and safety of air traffic in its airspace and throughout the airports around of the Kingdom.” “Soft opening launch of the new King Abdul Aziz International Airport in Jeddah, with a total a capacity of 30 million passengers annually + completed the development of Tabuk airport + foundation stone laying ceremonies to each of the new Jazan Airport, Al-Jouf, Al-Qurayyat and Qunfudah.” “The vision of the Kingdom of 2030 by receiving 30 million pilgrims and improving and enriching their experience them to be of quality and value.” This excludes normal / business travellers and tourists. “In cooperation with the British-Saudi Business Council, the Commission organized a roundtable meeting with major British companies in the field of civil aviation to discuss activities of the aviation sector in the Kingdom. The delegation also reviewed the possible investment opportunities in the civil aviation sector that are in line with the Kingdom’s vision 2030.” https://gaca.gov.sa/web/en-gb/news/gacanews-100119-hf01
Haha MTPocket - no am not and am not planning to take over Eskers role ;-) Thanks DHC will try my utmost to keep on top of the research and share on Twitter too. I strongly feel with the opportunities at hand this could be a £1+ share soon or in the near future - yes contracts have been slow but Rome was not built in a day ...... Of course short term traders will spew out the usual ‘I will be happy with 20p’ coz that’s what they are here for a 20-30% return that has been reminiscent on AIM recently - refer to UJO and what happened there ..... For the Saudi operating model all we need to do is replicate the G4S model (they operate through Al Majal) and hold a 49% share https://www.g4s.com/en-sa/who-we-are We on the other hand will operate through WSG Arabia with a 50.1% share and a very influential Sheikh. Patience is needed as Saudi are keen to open up but things take time (like the Aramco float). However they have a 2020 privatisation deadline and contracts have already been signed in other areas (the figure are humongous and that’s our opportunity to dive in!) https://www.reuters.com/article/us-saudi-privatisation-idUSKBN1HV2PS Security is hugely important especially in view of the recent threats by ISIS, radicalisation and Yemen therefore they need someone to provide the service and expertise - which they do not have!!! Of course unless PF decides to relocate and run with our investments ;-P “Saudi Arabia Charges Foreigners $213,000 for Permanent Residency https://www.bloomberg.com/news/articles/2019-06-23/saudi-arabia-charges-foreigners-213-000-for-permanent-residency”
All welcome :-) People should stop focusing on Hazar International as this is one of many companies owned by the Sheikh. The ‘Hazar group of companies’ has been around for more than 30 years - suggest people google ‘sogrep saudi’ and check all the links that state ‘major companies of the Arab world’ and see who the Chairman is .........
The Bin Hethlain’s have been around for a while and have significant business clout in the Middle East through ‘al Mal capital’ and one of the leading private equity firms in the Middle East. Examples of their reach: https://books.google.com/books/about/Capitalism_and_Class_in_the_Gulf_Arab_St.html?id=PaxhAQAAQBAJ https://www.almalcapital.com/Home https://www.albawaba.com/news/al-mal-capital-awarded-saudi-brokerage-license-securities-arm-launch-soon-kingdom