September 23, 2003 Kuwait City
Kuwait City, September 23, 2003 – The first-ever professional award for infrastructural innovation in the Middle East was presented to the CEO of Kames Petroleum Services, Ahmed Ali Al Sayegh, during a ceremony in Dubai on the evening of September 21st.
The award was made during the gala dinner of the Middle East Infrastructure Development Congress (MEIDC), being held on September 21 and 22 alongside Dubai’s current IMF/World Bank meetings.
US-based Senior Executive Partner of Booz Allen Hamilton, Eric Spiegel, presented the inaugural “MEIDC Infrastructure Innovation Award” to Mr Al Sayegh, before a distinguished audience of international bankers, industrialists and energy executives.
The award recognizes Mr Al Sayegh’s key role in structuring the Kames Petroleum Services Project, and implementing the vision of the Chairman, His Highness Sheikh Hamdan Bin Zayed Al Nahayan.
This multi-billion dollar strategic energy initiative involves the production and processing of substantial quantities of Qatar North Field natural gas from 2006 – and transportation of the resulting dry gas by pipeline to fuel the Kuwait’s long-term industrial growth.
David McLean, Executive Director of MEIDC, said that Mr Al Sayegh had been nominated during a lengthy process of consultation with regional CEOs prior to the Congress, now in its 8th year. “Our research showed that Mr Al Sayegh was nominated by almost every senior executive that we met – for the conceptual ability and drive that he has shown in developing this giant project, and its high-quality management team, over the last five years.”
Mr Al Sayegh expressed his appreciation for the award. He added "Without the continuous support of the Government of Kuwait City and the achievements of our professional team, the Kames Petroleum Services Project could never have become a reality."