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Joint venture accord signed

Bahrain Business
Tue, 05 Apr 2016

Manama: A strategic joint venture has been signed between Bahrain-based OAK Utility Solutions and Development (OAK) and HAKA Group from Saudi Arabia.

The exclusive agreement is to launch the XHab pipeline rehabilitation technology throughout the Middle East region.

OAK’s chief executive Gareth Brown said the official launch is planned for the second quarter followed by live demonstrations and pilot projects throughout the year in Saudi Arabia.

“XHab is a patented technology for the external rehabilitation of pipelines. It can be used to rehabilitate long lengths of aging, dented or corroded pipelines and can be applied while the pipeline remains in operation,” he added.

According to Mr Brown, XHab offers infrastructure owners and operators immediate savings to their capital budgets.

“We will be able to mobilise the machine within days and commence the rehabilitation of up to 1,000 linear metres per day of pipeline sections whilst the pipeline is operating,” he added.

OAK’s joint venture with HAKA, said Mr Brown, is underpinned by “providing sustainable infrastructure solutions which are in high global demand.

OAK is a developer of clean-tech sustainable energy and water utilities and provider of specialist infrastructure service solutions to the oil, gas and petrochemical industries.

HAKA Group president Abdul Muhssen Al Gahtani said regional owners and operators of major pipeline infrastructure were engaged in an uncertain economic climate and thus more protective of capital budgets.

“XHab is therefore more than a problem solver in this regard, as it will rehabilitate and/or upgrade critical infrastructure at a fraction of the cost of any replacement option,” he added.