Huta Group: largest marine contractor in Saudi Arabia on the contracting outlook

Michael Wuebbens, managing director of Huta Group talks about the company and presents the group employing over 7,000 people. The group is the largest marine contracting company in Saudi Arabia with SAR 6-7bn book order.

He says, “We have an order book today of about 6 or 7 billion Saudi riyals. This will keep us busy far beyond 2015 and even 2016. We have just invested in new major marine equipment such as a new dredger which shows that we are optimistic and confident that we will find work for this new equipment and we do indeed have work for these units. We see that the region in general has a lot of potential and this is not going to change, irrespective of recent oil price changes which I think are affecting other countries a lot more.”