Vallianz Partnership for Global Offshore Windfarms

On June 21, Vallianz Holdings Limited joined forces with Ulstein Design & Solutions B.V., Shift Clean Energy, and Bureau Veritas to collaborate on the design and construction of a heavy transport vessel (HTV), which will be the first of its kind in the
global offshore wind industry.

Rawabi Holding is the controlling shareholder of Vallianz Holdings Ltd., a publicly listed company in the Singaporean stock market, owns 57.6% of the company. Through this strong partnership, Vallianz aims to continue to grow and expand services in the offshore services sector in Saudi Arabia and the
MENA region. To mark the collaboration, representatives of Vallianz, Ulstein,
Shift and Bureau Veritas attended a signing ceremony held at
Ulstein’s office in Rotterdam, the Netherlands. 

Osman Ibrahim, Rawabi Holding Group president and CEO and the chairman of Vallianz said, “This collaboration is a key development in the group’s strategy to build a stronger presence in the global offshore wind farm industry. It follows closely on the heels of another strategic project that we embarked on for the construction of a next generation service operation vessel to support the operations and maintenance of offshore wind farms.”