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A-STEVEDORING CONTRACTS WITH THE SEAPORTS AUTHORITY TO OPERATE PORT PASSENGER BERTHS AT JEDDAH ISLAMIC PORT IN COLLABORATION WITH "KOREA TRANSPORT CO." SEOUL ( SOUTH KOREA ) SINCE 1978 TILL 1988 WHEN THIS SPONSORSHIP BUSINESS WAS STRENGTHENED INTO A JOINT VENTURE ( ON HRH 51% AND KTC 49% ) AND THE NAME CHANGED TO " SAUDI KOREA PORT SERVICES CO. LTD." THE INITIAL CONTRACT WAS AWARDED TO THE J.V. IN 1988 TILL 1991 ( IN CONTINUATION OF THE SPONSORED ONE ), AND SAME RENEWED AGAIN FOR A FURTHER PERIOD OF 3 YEARS UNTIL 1994. THEN A TENDER WAS CALLED BUT AWARDED TO COMPETITORS. B-SPONSORED "WIGHAM POLAND" ( INSURANCE GROUP ) OF LONDON ON J.V. 51 : 49 BUT THIS WAS A FAILURE AND WAS LIQUIDATED IN EARLY 1980. C-IN THE SAME YEAR LATER -1980 SPONSORED U.A.P / M.E.P.A. GROUP OF INSURANCE / RE-INSURANCE OF PARIS-FRANCE AND THE SAME IS STILL CONTINUING IN THE CHANGED NAME OF UNION FRANCO ARABES BASED IN BAHRAIN. http://www.ufaonline.com. D-IN THE MID OF 1990 SPONSORED ONE "FOODSTUFF TRADING ESTABLISHMENT" OF PARIS-FRANCE, AGENT OF "PICON ORANGE CRUSH COMPANY" OF CANADA, BUT LATER THIS WAS LOCALLY TRANSFERRED TO OTHERS. E-IN LATE 1990 SPONSORED "DAVIES AND NEWMAN LIMITED" OF LONDON FOR TANKER CHARTERING BUSINESS WITH "SAMAREC" WHICH WAS LATER DISCONTINUED DUE TO "ARAMCO" TAKING OVER. |
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F-IN THE MID OF 1991 ENTERED INTO AN AGENCY AGREEMENT WITH "GESLO LIMITED" OF JAKARTA-INDONESIA FOR DEALING IN FERTILIZERS / RAW MATERIALS AND PETROLEUM PRODUCTS, SPONSORED TO "SAMAREC / SABIC", THIS COULD NOT BE CONTINUED BEYOND 1992 DUE TO SAMAREC TAKEN OVER BY ARAMCO AND SABIC'S SALE ONLY THROUGH THEIR MARKETING outlets. | ||||||||
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