History

Topaz Marine established material operations in Turkmenistan and entered the Brazilian market through the acquisition of two vessels deployed in Brazil.

Topaz Engineering was awarded a US$ 45 million Gulf Petrochem EPC contract as well as a US$ 100 million EPC contract with GPS Chemoil in Fujairah.

Topaz continued to be recognized in the industry for its strong commitment to safety and excellence through numerous awards from trade bodies Seatrade, Lloyd’s and MEED.

Topaz launched a revitalised corporate brand and the new divisional brands Topaz Marine and Topaz Engineering.

Numerous vessels were launched from Topaz Ship Building’s Abu Dhabi and Fujairah facilities.

Topaz acquired Doha Marine Services, a well-reputed vessel owning company in Qatar through a USD $124 million acquisition.

Topaz embarked on an exercise to closely align its strategic business units and improve synergies and efficiencies. The two strategic business divisions.

Topaz Marine and Topaz Engineering were formed Thanks to Topaz's unwavering commitment to QHSE, the Group was awarded numerous Health, Quality and Safety Awards from prominent trade organizations and clients.

Topaz established a Steel Boat Building Facility in Abu Dhabi.

Topaz broke ground on its new industrial fabrication facility in Fujairah.

The first aluminium catamaran built out of the new Fujairah facility; a dive support vessel aptly name Nemo was launched 2008.

Topaz established an Aluminium Ship Building Facility in Fujairah.

Topaz expanded its industrial fabrication capacity by the addition of 60,000 sqm of fabrication yard in Abu Dhabi.

Topaz's purpose built, state-of -the-art, maintenance services workshop in Abu Dhabi was inaugurated.

Topaz's marine repair activities in Oman, Azerbaijan and Kazakhstan commenced.

Topaz subsidiary Nico International achieved the ISO 14001 and 18001 certifications.

Topaz merged with Renaissance Services SAOG of Oman to acquire BUE Marine Services thereby making a dramatic entry into the Caspian Sea market. The BUE acquisition brought with it a significant increase in fleet size and geographical footprint making Topaz an important OSV player on the international arena.

Topaz acquired the assets and management of the industrial and marine engineering division of Fujairah Marine Services, thus laying the corner stone for its substantial future presence in the Port of Fujairah.

Topaz's subsidiary Nico International celebrated 30 years of service to the marine industry.

Topaz started new manufacturing lines within oil & gas fabrication works and installation such as pressure vessels, process skids and structural works.

The vessel TEAM Oman was added to Topaz's fleet. Its specialised cable laying capabilities significantly increased the Topaz fleet's diversity.

Topaz initiated the cooperation that would lead to a successful joint venture with Machine Support BV, a world-leading Dutch company providing laser alignment, mounting services and the patented Vibracon adjustable chock.

Topaz added rig refurbishment and marine repair activities to its Abu Dhabi based operations.

The sunken cement carrier “M/V Raysut” was successfully removed as a wreck in arduous conditions by Topaz's diving team in Fujairah and subsequently buried at a safe location with minimal disruptions to the sensitive marine eco-system.

Topaz successfully managed the shipbuilding project of the “TEAM SALALAH”, an anchor-handling tug supply vessel with DP1 capabilities equipped with a 7,200 bhp engine. The vessel is still part of Topaz's fleet today.

A joint venture with Doosan Babcock for boiler servicing and repairs was established.

Topaz acquired Nico and was listed on the Muscat Securities Market.

The leading automation and instrumentation service provider in the region; Dart Automation was acquired.

Adyard fabrication yard in Abu Dhabi was established to strengthen the company's position in the oil and gas sector, specialicing in heavy steel fabrication for the offshore oil and gas industry and offshore contracting.

The company was nominated to represent AVESTA SHEFFIELD’s stainless steel products in the Middle East. Mezon Technical Trading, the group's trading arm, became a leading regional stockist of stainless steel.

MSG in Abu Dhabi was acquired, offering professional and comprehensive repair and maintenance services to power stations, oil fields and the general industry sector.

Nico World was established as an offshore support vessel-owning and operating company.

A diving base in Fujairah was established, providing a variety of sophisticated diving services to vessels and offshore installations.

Nico International, now a subsidiary of Topaz, was established in Dubai to service the increasing marine traffic generated by the oil boom.