Deal to help accelerate the O&G services company's growth plans for its Abu Dhabi JV
Oman's Renaissance Services
said it acquired Abu Dhabi-based Al Wasita Emirates for
Services and Catering in a AED56m ($15.25m) deal to expand its contract services operations in the
The deal will help accelerate the oil and gas services
company's growth plans for its Abu Dhabi joint venture,
Renaissance Facilities Management Services, the company said in
a statement on Monday.
Renaissance, which already has marine and engineering
businesses in the UAE, launched the joint venture in November to
provide catering, cleaning and facilities management services to
onshore and offshore oil and gas companies.