Developing New Partnerships despite the Challenges in the Oil Sector

Al Falahi Group of Companies and the Chinese Eastern Dragon Company, a global leader in oil field services,signed a 300 million AED partnership

09 February 2016
Abu Dhabi, United Arab Emirates - (ME NewsWire):  Today, the Al Falahi Group of Companies and the Chinese Eastern Dragon Company, a global leader in oil field services,signed a 300 million AED partnership agreement to start its work as one of the leading companies in the United Arab Emirates (UAE.)

Under the agreement, the company will produce and supply equipment, including high-tech devices, within the oil services sector for both public and private enterprises.

The agreement was signed during a press conference held at the group's headquarters in Abu Dhabi. The agreement was signed by Mr. Mohammed Jerio Al Falahi, CEO, on behalf of the Al Falahi Group, and by John Chen, CEO, on behalf of the Chinese Eastern Dragon Company. A number of businessmen and representatives of major companies in the sector were present.

In his statement delivered during the press conference, Mr. Mohammed Al Falahi said, "The agreement comes within the framework of developing the oil services sector in the UAE in general and Abu Dhabi in particular. The private sector is a strategic partner of the public sector in implementing the strategic plan and the UAE's future vision, and an active contributor to the development process in its various forms."

Moreover, he explained that the signing of this agreement comes in line with the great support provided by the Abu Dhabi government to the private sector, considered a strong companion to the government sector, which contributes to the revitalization and progress of the oil sector in the country.

Mr. Mohammed Al Falahi also confirmed that since its establishment, the UAE provides the best, high-quality services, in line with international standards.

The Al Falahi Group has attracted the finest global institutions in various fields to ensure the provision of first-rate services to meet local and international standards. This project aims to add value to the Al Falahi Group of companies, which includes the leading commercial center, City Mall, located in Madinat Zayed in the Western Region.

Furthermore, Mr. Mohammed Jerio Al Falahi, the Group CEO, pointed out that entering this partnership with the Chinese Eastern Dragon Company is necessary to enhance cooperation and build institutional partnerships with industrial, commercial, national, and international sectors, in order to serve the UAE's oil sector and upgrade the level of services in general. It is also in line with the Abu Dhabi 2030 vision, aimed at contributing to the growth and development of this sector.

Mr. John Chen, CEO of Eastern Dragon, expressed his company's pleasure in supporting the Al Falahi Group to expand its prestigious service projects through this new partnership in Abu Dhabi. He added that he looks forward to contributing to the success of this project and the others that the company is developing, in cooperation with his partners across the UAE and abroad.

Concluding, he noted that the specialized Chinese Eastern Dragon Company is keen to apply the latest sciences and technology in order to facilitate the work of engineers and all individuals involved in this project. The company is eager to choose the best devices and equipment available globally, to ensure the quality and speed of operational procedures and the highest possible percentage of productivity.

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Source: ME NewsWire

The release can be viewed on:

City Mall UAE
Mr. Mohamed Khartabil -General Manager; +9712-667-9900

© Press Release 2016

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