Hollande returns empty-handed from Riyadh
The spectacular rapprochement between France's Socialist government and Saudi Arabia (IOL 695) has yet to translate into actual business deals. [...]
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.
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. At the same time, he is trying to establish himself in Libya and is continuing to advance his own investment projects in Africa generally. After hav [...]
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. In 2013, IGG also went into partnership [...]
Iskandar Safa, who earned his nickname of Sandy during his youth as part of the Lebanese Christian militia, is an export agent who switched successfully to industry but who, in 2013, is still active as a business intermediary. As an industrialist, he reigns over a veritable shipbuilding empire which produces yachts and patrol boats. He has owned Constructions Mécaniques de Normandie (CMN) in Cherb [...]