TWC gains license to operate company in Saudi Arabia

15 April 2008

SINGAPORE: Heavy lift and transport specialist Tiong Woon Corporation Holding Ltd (TWC) has gained a license to operate a 100-percent foreign-owned company in Saudi Arabia. The new wholly owned subsidiary, TWC Arabia Limited Liability Co., is the first Singaporean company to get such a license, which is awarded by the Saudi Arabian General Investment Authority (SAGIA). The license allows TWC to execute contracts for lifting, installation and maintenance services on equipment for oil, gas, petrochemical and electrical power related projects and marine transportation services in Saudi Arabia.

“We are optimistic that the Saudi Arabian market will continue to stay buoyant and we plan to have a dynamic presence there,” said TWC Group Chairman and Managing Director Ang Kah Hong. Ang said Saudi Arabia, with its projected activity in oil and gas, will be one of the company's key markets. “We are now well-positioned to make inroads into the booming oil and gas sector there, as well as springboard into the region,” he said.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Crane Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Bauma premiere for Jaso flat top crane
The company will exhibit the J235.12 at the exhibition alongside the Low Top J390
Looking back at the iconic Bauma trade show
After a delay and other challenges associated with the Covid-19 pandemic, Bauma 2022 will happen this month in Munich!
Barnhart opens second Ohio location
The addition of the Columbus branch enhances Barnhart’s presence in the Midwest. 
CONNECT WITH THE TEAM
D.Ann Shiffler Editor, American Cranes & Transport Tel: +1 512 869 8838 E-mail: d.ann.shiffler@khl.com
Matt Burk VP Sales Tel: +1 312 496 3314 E-mail: matt.burk@khl.com
CONNECT WITH SOCIAL MEDIA