AHI Starts Work On Drydock

Keppel Corp Ltd. unit Arab Heavy Industries (AHI) has started construction on its first drydock, valued at $19.1 million. "The number of ports in the Arabian Gulf is increasing and with AHI in the heart of United Arab Emirates, the business hub of the Middle East, this strategic investment will position our company as the premiere medium-sized yard in the region," Obaid Ali Al Muhairi, AHI's chairman said. AHI is a joint stock company of the government of Ajman, the Al Futtaim Group, the Keppel Group and other investors.