Independent project services consultancy Cambla plans to expand to the Middle East after it exceeded its turnover target by more than 45% in its first year.
Established in 2013, the firm has grown significantly over the past year – increasing staff numbers and securing a string of contract extensions with North Sea oil and gas operators including Marathon Oil and Centrica to provide project services support.
In the financial year ending July 31, Cambla grew its turnover to £362,000 and expects this to rise to over £500,000 next year.
The boom that adorned Gulf Arab monarchies with glittering towers, swelled their sovereign funds and kept unrest largely at bay may be over after oil prices dropped by almost 50% in the last six months.
The sheikhdoms have used the oil wealth to remake their region.
Landmarks include man-made islands on reclaimed land, as well as financial centers, airports and ports that turned the Arabian desert into a banking and travel hub.
The money was also deployed to ward off social unrest that spread through the Middle East during the Arab Spring.
Glacier Energy Services has merged its pipeline machining and onsite service businesses into a new division as it expands across the Middle East and Asia Pacific.
The firm, which has operational bases in Aberdeen, Glasgow, Newcastle and Singapore, has appointed Mark Derry, previously head of Glacier’s offshore division, to run the new unit.
Glacier has also appointed Kevin Strachan as regional manager for the Middle East, based in Dubai, for the newly formed Roberts Machining Solutions.
