Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Obviously none of this confirms the location of the advanced deal for five airports in an African country that has been mentioned, it’s all circumstantial, but it certainly is something to think about, don’t you think? There are certainly other locations that could equally fit the five airport description (I’m quite confident we are working on deals for some of them too) so it may not be Uganda. But if it is, whilst I suspect the other 4 airports are relatively small Entebbe however had PAX of 2m in 2019. This would therefore be a huge win for WSG as that is I believe around 8 times the PAX of Lunghi in a non-COVID world.
Wikipedia also highlights that there are just five airports that have scheduled passenger services on commercial airlines.
https://en.m.wikipedia.org/wiki/List_of_airports_in_Uganda
Back in October 2019, Uganda also offered airport security out for tender. Interesting that it states “Entebbe International Airport and 13 domestic Aerodromes, FIVE of which are designated as entry and exit points...”
https://caa.go.ug/bid-notice-under-open-domestic-bidding-for-provision-of-security-services-to-ucaa-under-framework-contract/
Now then, here is where it starts to get interesting. Part of the first floor at the new terminal extension was opened early at the end of November 2020 in order to facilitate social distancing. That is to say, it wasn’t at that stage complete, but it was clearly very nearly ready!
https://www.monitor.co.ug/uganda/news/national/new-airport-terminal-extension-opens-to-passengers-3213256
So, given this, it appears that WSG has a very good relationship with AKSA. That prompted the question, where else are AKSA involved? Well, it seems that they have also been heavily involved in Uganda’s new terminal at Entebbe airport since signing an MOU way back in 2011.
http://www.aksagroup.ca/uganda/
http://www.aksagroup.ca/tag/entebbe/
What I didn’t realise until recently was that AKSA were also heavily involved at Tema as well.
http://www.aksagroup.ca/tema-container-port-ghana-2-2-2/
I have no idea whether I’m taking 2+2 and getting 5, or whether the answer really is 4. You will have to make up your own mind. ?
We’ve known for sometime that WSG was at one stage (maybe still are) involved with AKSA in relation to security at Zambia’s Lusaka airport
http://www.aksagroup.ca/zambia/
Top of the class MB. Want to know why I posed that question?
No good effort. That was a year later. In the one I’m thinking of he played the role of an Israeli Brig Gen.
Anyone remember the name of that 1977 Charles Bronson movie where he played a Brigadier General?
Clearly it is that challenging for me. You’re right £26 sq metre. My apologies Panza
152 cm x 1 m costs £40
So therefore £40 supplies 0.152m sq
There are approximately 6.5 * 0.152m sq in 1m sq
So the cost of 1m sq is £260 per sq metre (6.5 * 40)
Is it really that challenging? And you criticise WSG’s abilities!!
According to that link it's around £260 per sq metre. If only we were doing a couple of modern skyscrapers with it!
https://www.wg-plc.com/news/bomb-blast-glass-protection-film
TP, yes Ghana does have 5 airports that handle scheduled flights. So it is always a possibility.
Westminster International (Ghana) Limited
Westminster Security Limited
Westminster Aviation Ghana Limited
are all companies registered in Ghana with which we may or may not be associated. So it is entirely possible that Ghana could be the fit .
You have referenced the non-exec but haven’t mentioned our connection with Scanport’s AVM J. O. Boateng who was the Chief of Air Staf of the Ghana Air Force from May2005 until his retirement on 31 March 2009 as well as being a member of the Board of Directors of the Ghana Civil Aviation Authority(GCAA) from 2001 to 2007 and chaired the Board’s oversight sub- committee on Security,Safety and Airport Operations during the period.
A very useful association I’m sure, even if his time there was a while back.
So I cannot discount Ghana as a possibility, however my research points to this 5 airport contract being in a different location. Time will tell if I am right or wrong.
What was the reasoning?
Another one is that something is very close to crossing the line and giving an update prior to that would be meaningless.
Hence why “ we are investigating putting measures in place to isolate the contract in a dormant German subsidiary. Such measure would mean that should circumstances change in the future, to safely and legally allow the project to go ahead without impact on the rest of our business”
It can easily be isolated, particularly if debt financed (maybe government backed) from within that entity too.
When you say it can’t be ignored Don Franco, you seem to be ignoring the fact that it wasn’t Iran that breached the JCPOA. It was the US. Who then used its considerable leverage to threaten and force other countries, including our own, to also comply with the sanctions they had imposed on Iran. Prior to that inspectors had consistently stated that Iran was in compliance with the JCPOA. It was working. Biden was one of the architects of the JCPOA.
Iran really has just been trying to force the US back to the JCPOA and to lift sanctions. I don’t think it really had any other choice, in order to motivate / force the US to return to the JCPOA.
It seems to me that the real issue has been that the US nationalists under Trump were unable to forgive or forget the humiliation of the embassy siege 40 years prior. It was no coincidence that the the US pulled out from the JCPOA on the anniversary of it.
Going forwards , I don’t think Biden will ignore the fact that Iran has broken the limits imposed by the JCPOA, that will of course need to be addressed as part of lifting sanctions.
What has changed in Iran's make up since 2016? Nothing. The change was with the US, not Iran.