MANAMA: Bahrain-based ship and rig repair facility Asry is banking on its new fabrication and engineering division to make up for revenues lost in its traditional business due to challenging conditions.
The company, which has had to downsize its manpower by 21 per cent since the start of 2017, is targeting $490 billion worth of projects in pre-execution phase across the GCC in its target sectors of power, gas, oil, chemical, water and industrials, a top official told the first-ever offsite Press conference in the company’s 40-year history .