DCNS in sticky spot
French shipbuilder DCNS's contract to modernise Saudi Arabia's frigates and refuelling vessels is the only major deal signed by the [...]
DCNS is France’s leading naval shipyard. The company builds both surface vessels and submarines for the French Navy. It also exports, recently landing contracts in India, Brazil and Australia.
Chief executive of Blenheim Capital Partners since its foundation in 2006, Grant Rogan has been active in the Gulf since the 1980s. His father, Richard Grant Rogan, was already a connoisseur of the region. Middle East director of Northrop Grumman in the 1970s, he was a regular contact of Adnan Khashoggi, the famous Saudi arms dealer. [...]
Omar Zeidan is one of the best-connected among the established agents of French industry in the Arab world. He is still very active in 2013, steering through projects in Saudi Arabia and Kuwait and partnering investments of the Al-Assad clan in Syria. [...]
Fadel Al Kaabi, formerly of the Tawazun sovereign fund, set up the International Golden Group (IGG) in 2002. The company, which is headed by Fadel's uncle, former armed forces deputy chief of staff Mohammed Hilal Al Kaabi, specialises in partnerships with Western defence groups like France's Thales, Britain's BAE, Paramount of South Africa and Italy's Selex. [...]