For 50 years, HEISCO has been a key player in Kuwait’s industrial development, evolving from a shipbuilding and repair company to a diversified leader across sectors like oil and gas, petrochemicals, and construction. In this issue, Robban Assafina had an exclusive interview with Eng. Salem Marafi, HEISCO's Deputy CEO, discussing how the company continues to innovate and expand, modernizing its operations and exploring new regional opportunities. With a focus on quality, efficiency, and alignment with Vision 2035, HEISCO is committed to contributing to Kuwait's growth and supporting the region’s transformation.
What have been HEISCO’s most transformative moments or projects over the past 50 years, and what lessons will guide the company's future growth?
Celebrating 50 years is a remarkable milestone for HEISCO. Since our establishment in 1974 as Kuwait Shipbuilding & Repair Yard Co., we've evolved from a maritime focused company into a diversified leader across industries like oil and gas, petrochemicals, power, pressure equipment manufacturing, dredging, civil construction, and industrial maintenance. This diversification allowed us to remain resilient through economic shifts and continue contributing to Kuwait’s infrastructure development. As we look to the future, these lessons will keep us aligned with market needs.
How has HEISCO maintained its reputation as a trusted EPC contractor, ensuring efficiency, cost-effectiveness, and quality in delivering complex, large-scale projects?
Maintaining our reputation as a trusted EPC contractor has always been about consistency and excellence. We’ve built strong client relationships by adhering to strict quality standards and focusing on efficiency and cost management. Our approach combines planning, continuous resource upgrades, and a focus on strengthening our team. We make sure that every project is delivered on time and to the highest quality standards.
| Read More: Kuwait to allocate $604m for Mubarak Al Kabeer Port project |
How has HEISCO modernized its shipyard operations to meet today’s maritime industry standards while continuing to support Kuwait’s oil and gas sector and industrial development?
Shipbuilding and ship repair have always been the focus of what we do. We've put significant effort into modernizing our facilities, adopting the latest technologies, and expanding our range of services. Today our shipyard is not only focused on ship repair and building, it has expanded to provide offshore services, professional diving, and Technical Specialized Manpower Supply. This progress ensures we reinforce our role in supporting Kuwait’s oil and gas sector and contributing to the country’s broader industrial growth.
What opportunities do Saudi Arabia and Iraq present for HEISCO, and how does the company adapt its strategies to different regional demands?
Expanding into Saudi Arabia and Iraq opens up significant opportunities, especially for growth and new partnerships across various industries. Both markets are growing rapidly, and HEISCO is well positioned to support this growth. In Saudi Arabia, we’ve established a local presence and are preparing for new projects. We ensure to maintain the same level of quality and efficiency that we’re known for in Kuwait.
How does HEISCO align with Kuwait’s Vision 2035 and other regional economic transformation plans?
Kuwait’s Vision 2035 lays out a strong plan for the country’s future, and we are committed to contributing to its success. Through our Shipyard, Oil & Gas and Gulf Dredging sectors, we’re playing an important role in major projects that drive Kuwait’s growth and support development across the region.
Are there any new sectors or markets HEISCO is particularly looking to explore?
We're always looking for new opportunities, especially in Saudi Arabia and Iraq. While it's too early to share details, we're exploring markets and sectors that fit our expertise. Our experience in the market helps us find and take on opportunities that support our long-term goals.
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:To read the full content, click on the following link Robban Assafina, Issue 95, Mar/ Apr. 2025, Maritime Host, pg.79 |
