Tuesday July 08, 2008 at 15:22
“UAE 04 March, 2008 - Critical National Infrastructural Authority (CNIA) announced today that it signed an 3 billion Dirham [about $800 million] “DERA project” agreement with AGT/AIS, to offer a fully integrated security solution for all utilities and vital assets of Abu Dhabi. The announcement took place at the International Security National Resilience exhibition from 2nd- 5th of March.”
Middle East News : Critical National Infrastructure Authority to Sign 3 billion Dirham DERA Project Agreement with AGT/AIS
This is one of the more interesting stories following energy has dropped onto me. An almost unknown (on the Internet) security corporation wins an $800 million contract from Abu Dhabi to build a smart fence and defend oil assets. Who is this company? Another article from June calls them, “one of the world’s fastest-growing international security companies,” but provides no numbers. Apparently the US is their largest customer followed by Saudi Aramco, both of which then are presumably larger than the UAE contract. We’re talking a multibillion dollar security company, then, and basically no internet presence, except this subsidiary, Universal Dynamics (UDI), which we read is “a global high-tech consulting firm in the petrochemical industry.”
