Dam will help power up Afghanistan
Security and business support firm Transguard Group posted Dhs1.4 billion in revenue for the last financial year, recording a Dhs123 million profit.
The figures, which are for the year ending March 31, represent a 38 per cent increase in revenue and a 16 per cent rise in profits from the same period last year.
“The financial year 2015/2016 has been yet another record year for Transguard,” said Dr Abdulla Al Hashimi, CEO of Transguard Group, part of the aviation giant Emirates Group.“These positive results have been achieved through significant growth across all of our business units and by developing and following a business strategy which simply focused on placing customers at the heart of our business, while optimising our operation.”
Managing Director Greg Ward predicted a prosperous 2016/17 for the firm.
“We see another positive year for Transguard as we look to continue on our current growth trajectory and we will focus on high levels of service,” he said. Afghan President Ashraf Ghani and Indian Prime Minister Narendra Modi inaugurated a multimillion-dollar dam in western Afghanistan yesterday that will bring power and irrigation to vast tracts of the war-torn country. The Afghan-India Friendship Dam in Herat province, which borders Iran, was built with Indian aid at a cost of $300 million and took about a decade to complete. Modi arrived in Afghanistan yesterday for the formal inauguration of the project, which will provide 42 megawatts of power and irrigate 75,000 hectares of agricultural land. “Afghanistan and India have long and continued relations and today millions of ties bind our nations together,” Afghan leader Ghani said at the inauguration ceremony in Herat. Foundations for the dam were laid about 40 years ago, also with Indian assistance, in the ChishtiSharif district of Herat on the Heray Rud River. Construction was delayed by attacks on engineers, workers and guards. “Afghanistan will not be stopped here,” Ghani said in Herat, the provincial capital, about 160km from the dam site.
POSITIVE: MD Greg Ward