Dam will help power up Afghanistan

7 Days in Dubai - - BUSINESS -

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

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