Al Gihaz Holding was founded by Saeed Al Angari in 1975 and the group has interests in a number of sectors including energy, healthcare, construction services, media and exhibitions technology and telecommunications, including smart metering services.
Enshore Subsea is based in the Port of Blyth on England s north east coast. It had been owned by Norway-based subsea services provider Deepocean but it placed all of its UK assets into a restructuring process in November last year.
The company s location is ideal to serve the buoyant offshore wind market in northern Europe and its existing management will remain with the new joint venture, Al Ghizal Holding said.