Project Description
Renaissance Services SAOG (“Renaissance” or the “Company”) is a multinational Oman based entity listed on the Muscat Securities Market with operations in 16 countries across the emerging markets. Renaissance’s core operations are focused on providing services to energy leaders in the oil & gas industry primarily in MENA and the Caspian region. It is organized in to three distinct businesses: (i) the marine business operates Offshore Support Vessels to support clients in the offshore oil & gas industry; (ii) the engineering business provides services to the oil & gas and marine industry; and (iii) the Contract Services Group provides accommodation facilities for oil & gas contractors. IFC’s investment in the Company will be allocated to the capital expenditure requirements of its marine business.