Mencast

Mencast: entered into an MOU with Takamul Investment Co to cooperate in analyzing downstream ventures within the Sultanate of Oman. The first potential project involves the engineering, procurement, installation and commissioning (EPIC) of a downstream treatment plant. Mgt notes the Middle East is a vastly promising mkt for the group, and there is demand for many of the group’s services particularly in Offshore & Engineering and Energy Services. Aims to have a significant portion of group revenue from the Middle Eastern region in the future.