Regional headquarters and specialized maintenance centre to be opened in Jebel Ali Port & Free Zone

Dubai, May 25, 2006: Kuwait-based Services Management Group (SMG) held a meeting with the United Arab Shipping Company (UASC), the world's largest ocean carrier of dry cargo, to discuss cooperation prospects and SMG cutting-edge solutions which provide the highest levels of protection and isolation for all kinds of containers and commercial ships and carriers.

The meeting came as part of SMG's efforts to expand its operations in the region, which will see them establish a regional headquarters in Dubai and a maintenance centre in Jebel Ali Port and Free Zone. SMG offered an overview of the most important features of Rhino Linings product, considered as the best in the world to offer complete isolation and extreme resistance against corrosion and natural and operational factors.

Commenting on this occasion, Engineer Jehad Al-Zuraiqi, CEO and Managing Partner, SMG: "It was a great opportunity to meet UASC representatives and to discuss our cooperation with them. This meeting is a leading step toward expanding our operations in the Gulf and Middle East, and especially in Dubai's ports."

"Inspired by its prudent leadership, Dubai offers a wide spectrum of opportunities for investors and businessmen. This encouraged us to plan to establish a manufacturing utility in the Jebel Ali Free, so that we can offer our services to the shipping and cargo sector, and other vital sectors like constructions and defense. Dubai operates one of the largest sea ports in the world, and its central position to international shipping lines, makes it the ideal location for our operations."

SMG operates in properties investments, chemical industries and logistical developments. SMG is the executive agent of Rhino Linings products, which guarantees the very highest level of isolations for a wide array of functions. During the meeting, SMG provided the United Arab Shipping Company with many suggestions, like allocating mobile maintenance ships to deliver instant support services, and create specialized workshops in Jebel Ali and the Gulf ports to provide maintenance services depending on Rhino Linings products.

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About UASC
United Arab Shipping Company was established in July 1976; jointly by the six shareholding states from the Arabian Gulf (Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia and U.A.E). The head office is located in the State of Kuwait. UASC is the largest ocean carrier of dry cargo to the Middle East. It has assumed this position on merit as a carrier providing first class service to its customers. The Company's authorized capital is US $ 1770 million of which US $ 991 million has been subscribed. UASC's total assets volume is about US $1.5 billion.

About SMG
Services Management Group (SMG) was established in 1995 in Kuwait. It operates in logistical support and chemical industries. SMG has 125 administrative and technical employees, and it is the exclusive agent for a wide range of global industrial and military corporations.

For further information, please contact:
Savana Hameid/Rami Halawani,
Asda'a Public Relations,
Dubai
Tel: +971 4 3344550 (ext: 406/403),
Email: info@asdaa.com

© Press Release 2006