Thursday, October 30, 2014

Kuwait agressively seeking foreign investors!






Kuwait is actively pursuing foreign investments in the local economy and creating an even more favorable business setting.  It's time to expand your operations into this lucrtive market!!


American General Trading (www.agtkuwait.com) provides total contract support services in Kuwait and throughout the Middle East. AGT, an American owned and managed company, has been the contractor of choice in the Arabian Gulf region for over 20 years and has successfully supported US and International organizations in the Defense, Construction and Supply Chain industries.   

Are you considering expanding operations into Kuwait? Let AGT help you achieve success! For more information, call 609 715 2155 or email sheilagittens@agtkuwait.com.



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Tuesday, October 28, 2014

Private Equity Finds Middle East Deals






Private Equity Finds Middle East Deals - Businessweek - http://buswk.co/1D10dFB

Business opportunities in the Middle East are expanding at record levels.  Don't miss this opportunity to grow your options!

American General Trading (www.agtkuwait.com) provides total contract support services in Kuwait and throughout the Middle East. AGT, an American owned and managed company, has been the contractor of choice in the Arabian Gulf region for over 20 years and has successfully supported US and International organizations in the Defense, Construction and Supply Chain industries.   

Are you considering expanding operations into Kuwait? Let AGT help you achieve success! For more information, call 609 715 2155 or email sheilagittens@agtkuwait.com.



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Sunday, October 26, 2014

US Defense Contractors focusing on global opportunities






Read Hugh Lessig's Daily Press blog for outstanding intel on global opportunities for the defense contracting industry!


US Defense Contractors focusing on global opportunities  

By Hugh Lessig, hlessig@dailypress.com 4:39 p.m. EDT, October 4, 2014


When a Chesapeake defense contractor sought business overseas, it found a willing audience for its line of equipment for first responders. The next task was a bit more daunting: Translating its highly technical training manuals into Polish.


In Newport News, a firm that plays "bad guys" during U.S. Navy training exercises decided to seek international clients. As former U.S. fighter pilots, they could get around just about anything. But when it came to State Department rules, they welcomed assistance in navigation. In each case, these companies relied on a state program called the Going Global Defense Initiative, run by the Virginia Economic Development Partnership.

As the U.S. military downsizes after more than a decade of war in Iraq and Afghanistan, Virginia's defense companies see potential in overseas markets – at least if this program is any indication.   Going Global enrolled 160 defense companies in its initial 10 months, state officials said, and limited resources prevented more sign-ups. The program has entered its second year, and Gov. Terry McAuliffe recently announced it would receive $2 million in state and federal funds to provide services such as technical translation, research on international markets and setting up contacts at foreign trade shows.

The Defense Department supports nearly 40 percent of the jobs in Hampton Roads, according to a November 2013 study. For the defense community to continue as major driver, firms that once relied solely on Pentagon business must adjust to a new reality, said Paul Grossman, VEDP vice president of international trade.  

"This is not a problem," Grossman said. "This is a predicament. A problem can be solved. A predicament is something you have to live with."  

Some Hampton Roads defense firms have responded to military downsizing by turning to commercial markets. A good example is the unmanned aerial systems industry. These companies have adapted war-fighting drone technology to everything from agriculture to entertainment.   But other defense companies see their products or services fitting in quite nicely overseas. Their CEOs have spent years learning how to speak the language of the U.S. military. Going overseas can be like starting up a new business.  

"A website that makes sense to the Pentagon doesn't make sense at all to the Saudi Arabian air force or a port city in Singapore," Grossman said.   VEDP, a marketing organization created by the General Assembly in 1995, has offices in China, Germany, Japan, India and the United Kingdom. In August, officials held kickoff events for the second year of the Going Global program in Tysons Corner and Norfolk. The announcement included a military trade show in the Middle East with limited slots.  

"Those slots were filled in 24 hours and there was a waiting list of five," Grossman said.   Going Global does not pay for a company's travel costs. It helps officials make connections or prepares materials to put them in a better position to make a direct sale or build a long-term relationship.  

Different barriers The Phoenix Group in Chesapeake turned to VEDP after deciding to pursue international opportunities in the face of U.S. defense cuts. Its broad array of products includes equipment for first responders, such as protective suits, breathing filters and damage-control lockers. It is particularly optimistic about its "Last Chance Rescue Filter," a device that provides 15 minutes of breathable air for firefighters who are trapped and exhaust their primary air supply.  

The company went on a trade mission to Poland and Germany last year that has proved promising, said Stephen Clock, national sales director. Now they have a manager in Europe trying to drum up business. They have produced a video and received a grant from VEDP to translate its technical manuals into Polish.  

Clock is confident when it comes to the Last Chance filter because the product is unique. Other haz-mat equipment also has potential. But getting past that language barrier was a big deal, he said.   The company's manuals are highly technical "and it's important to get it right," he said.  

VEDP also did some preliminary market research for the company before the overseas trip.   "We ended up having 15 to 20 meetings in Poland and Germany," Clock said. "No way could we do that on our own." ___________________________________

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American General Trading (www.agtkuwait.com) provides total contract support services in Kuwait and throughout the Middle East. AGT, an American owned and managed company, has been the contractor of choice in the Arabian Gulf region for over 20 years and has successfully supported US and International organizations in the Defense, Construction and Supply Chain industries.   

Are you considering expanding operations into Kuwait? Let AGT help you achieve success! For more information, call 609 715 2155 or email sheilagittens@agtkuwait.com.

Friday, October 24, 2014

Raytheonn's next move in Qatar!






Raytheon hopes to move forward in Qatar with the Patriot missile defense system by the end of 2014. 

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American General Trading (www.agtkuwait.com) provides total contract support services in Kuwait and throughout the Middle East. AGT, an American owned and managed company, has been the contractor of choice in the Arabian Gulf region for over 20 years and has successfully supported US and International organizations in the Defense, Construction and Supply Chain industries.   

Are you considering expanding operations into Kuwait? Let AGT help you achieve success! For more information, call 609 715 2155 or email sheilagittens@agtkuwait.com.



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Thursday, October 23, 2014

Kuwait's $1.5Billion investment in Canadian Shale Assets






Kuwait $1.5bn deal to buy Canadian shale assets | ConstructionWeekOnline.com - http://bit.ly/1D0Yn7Q

Global energy giant Chevron Corporation on Monday announced that its subsidiary, Chevron Canada Limited, has reached agreement to sell a 30% stake in its Duvernay shale formation assets to Kuwait Foreign Petroleum Exploration Co for $1.5bn.

The Duvernay is located in west-central Alberta in Canada, and is believed to be among the most promising shale opportunities in North America, the company said in a statement.

The agreement creates a partnership for appraisal and development of liquids-rich shale resources in approximately 330,000 net acres in the Kaybob area of the Duvernay. Chevron Canada has drilled 16 wells since beginning its exploration program, with initial well production rates of up to 7.5 million cubic feet of natural gas and 1,300 barrels of condensate per day. "This sale demonstrates our focus on strategically managing our portfolio to maximize the value of our global upstream businesses and is consistent with our partnership strategy," said Jay Johnson, senior vice president, Upstream, Chevron Corporation. "The transaction provides us an expanded relationship with a valued partner. It also recognizes the outstanding asset base we have assembled."

Following the closing of the transaction, Chevron Canada will hold a 70 percent interest in the joint venture Duvernay acreage and will remain the operator. The transaction is expected to close in November.

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American General Trading (www.agtkuwait.com) provides total contract support services in Kuwait and throughout the Middle East. AGT, an American owned and managed company, has been the contractor of choice in the Arabian Gulf region for over 20 years and has successfully supported US and International organizations in the Defense, Construction and Supply Chain industries.   

Are you considering expanding operations into Kuwait? Let AGT help you achieve success! For more information, call 609 715 2155 or email sheilagittens@agtkuwait.com.





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Tuesday, October 21, 2014

Cityscape Property Show in Kuwait -- A Must Attend Event!!






Cityscape property show set to make Kuwait debut - http://bit.ly/1vWZO4V

The Cityscape Property Show is an excellent opportunity to meet with decision makers in the GCC's Real Estate Industry.  AGT's Marketing Department is ready to assist you with your plans to attend this groundbreaking exhibition with travel plans, introductions, visas, etc. Let AGT help you achieve success! For more information, call 609 715 2155 or email sheilagittens@agtkuwait.com


American General Trading (www.agtkuwait.com) provides total contract support services in Kuwait and throughout the Middle East. AGT, an American owned and managed company, has been the contractor of choice in the Arabian Gulf region for over 20 years and has successfully supported US and International organizations in the Defense, Construction and Supply Chain industries.   



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Sunday, October 19, 2014

Kuwait invites major oil companies back to the table!






Coming back for a comeback: Kuwait invites major oil companies back - http://bit.ly/1D11cG1

Are you in the Oil and Gas industry? This major announcement is a must read! 

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American General Trading (www.agtkuwait.com) provides total contract support services in Kuwait and throughout the Middle East. AGT, an American owned and managed company, has been the contractor of choice in the Arabian Gulf region for over 20 years and has successfully supported US and International organizations in the Defense, Construction and Supply Chain industries.   

Are you considering expanding operations into Kuwait? Let AGT help you achieve success! For more information, call 609 715 2155 or email sheilagittens@agtkuwait.com.



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