South Korean tech company forays into Omani market

Inayat-ur-Rahman, Business Editor

A South Korean Smart Safety technological firm, GSIL has entered Oman widening its reach in the Middle Eastern region for its hi-tech safety standards.

GSIL, which last year introduced and implemented its Smart Site Safety Solution (4s) at the Saudi Aramco Jafurah Gas Processing Facilities Project (JFGP) site enters Oman following a Memorandum of Understanding (MoU) signed in Dubai with the UAE based Gas and Petroleum Trading Atlantis Wide LLC with refinery business in Oman.

The Chief Executive Officer of GSIL, Lee Jung-woo represented the Korean firm while Atlantis Wide was represented by its Manager, Hashemi Hosseini at an event held at Atlantis Wide offices at Church Tower in the Business Bay.

Hosseini said that Atlantis Wide plans to “introduce GSIL’s leading smart safety technology to refining plants and construction sites in Oman. The strategic collaboration between the two companies is expected to enhance work efficiency through ESG (Environment, Social and Governance) for sustainable development and smart safety commercialisation.

“We will actively support entry into Middle Eastern countries focusing on the UAE and Oman,” added Hosseini,

The GSIL CEO called the agreement a “valuable partnership” that was deemed to realise “actual outcomes thanks to active investments in the region.”

The Korean firm boasts of winning the Prime Minister’s Award at the 2019 South Korea Safety Technology Awards, as well as the winner of CES 2023 Innovation Award for Smart Debris Monitoring Technology in addition to a plethora of awards.

The Korean firm is widely credited for “designing, developing and building smart safety platforms for various domestic, public and private sector clients including Korea Land and Housing Corporation, Samsung Engineering among others.”

According to Hosseini, Atlantis Oil Trading has been investing and showing interest in ESG in addition to oil and gas trading.