Gulf Petrochem Planning major East Africa Investment

(Ship&Bunker) United Arab Emirates (U.A.E.)-based Gulf Petrochem Group (Gulf Petrochem) is planning to invest $80 million (Dh290.4 million) over the next year to expand its fuel storage capacity in Fujairah and East Africa out of which $25 to $30 million would be towards acquiring new terminals in East Africa

 

The company has plans and expectations to keep up with the current growth pace in barrel trading, operations in coal and pet coke and is focusing their future growth in U.A.E., India, and East Africa. As per the company, today majority of their revenues are coming from this geography and their investments are more here.

 

Gulf Petrochem is reported to be pursuing the acquisition of terminals in Dar es Salaam, Tanzania and Mombasa, Kenya. As per Gulf Petrochem, The next decade belongs to Africa and there are tremendous business opportunities in East Africa, which is politically stable and secure. There is steady growth of 5 to 7 percent in Tanzania, Kenya and Uganda. Large scale investments and operations will also require local manpower and thus bring an opportunity for jobs in Africa.

 

 

2 Comments

  1. wali says:

    Interested in senior management possible opening at gulf petroleum once it finalizes its entry into Kenya

    • kirti@datumhin.com says:

      Please visit our website http://www.datum-recruitment.com to see the current vacancies and their details. If you have not already uploaded your CV, you can upload your CV and also mention the code number of the position of interest.

      We will revert back to you to take the process further if there is a suitable opportunity for you.

      If you can recommend any of your colleagues, friends etc. for any of the other positions, we would be grateful!

Leave a Reply