Empire has a 49% equity interest in Quest Energy Empire Limited, a Jebel Ali incorporate company with a focus on oil & gas production projects and other strategic businesses in both the Middle East and Asia. Our 51% equity interest partner is Quest Energy Middle East Limited (QEML), an international investment/development company which concentrates in oil & gas exploration-production, power generation and petrochemical projects worldwide. In addition, QEML takes responsibility for the operations and maintenance in infrastructure projects in the fields of oil, gas, petrochemicals and power.
Current projects include an on-shore oil field development project in Iran, potential project bids on over 10 further oil fields in Iran and Qatar, and gas field development projects in Myanmar and Bangladesh.
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Empire has recently invested on a 52% equity interest in Akara Mining Limited, which owns and operates Thailand’s only modern gold mine, Chatree goldmine in Pichit, Thailand. The other 48% equity interest is held by the strategic partner and operator of Chatree goldmine, Kingsgate Consolidated Limited, a highly successful gold, silver and precious metals mining company which based in Sydney and publicly traded on the Australian Stock Exchange (KCN: ASX).
Kingsgate operates Chatree goldmine by using the world's best practice for safety, environmental impact and socially responsible operations. Akara’s results since operations commenced at Chatree have been strong due to its successful gold exploration program and the improvement in the spot gold price.
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Bangkok Hospital is one of the biggest hospitals in Thailand providing tertiary healthcare with over 3,000 beds in 18 hospitals. The hospital was established in 1972 by a group of doctors and pharmacists, starting with 5 specialists and 30 full time nurses. Today Bangkok Hospital has more than 400 full-time & consultant physicians and 600 nurses. Continuous development and investment in the latest technology, medical expertise and supporting facilities have contributed to the hospital's current status, ranking it amongst the top medical institutions in Southeast Asia.
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Bangkok Airways flies to a total of 20 destinations in eight countries: Thailand, Cambodia, Laos, China, Myanmar, Singapore and Japan. In choosing new destinations, Bangkok Airways invariably considers cities with rich cultures and historically important sites, which are not easily accessible to the everyday traveler. This underlines the airline's commitment to help local tourism industries develop their full potential and to promote the local heritage.
Bangkok Airways has also invested in building and maintaining its own privately-operated airports at Samui, Sukhothai, and Trat. These developments provide Thailand with more air transportation hubs to in order to facilitate increasing air traffic volume.
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Empire Consultants serves as a financial and strategic advisor to the International Engineering PLC (IEC), which has been listed publicly a company on the Stock Exchange of Thailand for 84 years. IEC’s core business has been in high technology communications equipment and engineering with its subsidiary IEC Business Partners Co., Ltd. and Intertrade Asia Co., Ltd. established in early 2006.
Empire Consultants has raised over US$40 million of capital for IEC through private placements to strategic investors, and has also assisted IEC in establishing its IEC Business Partners and Intertrade Asia subsidiary businesses. Intertrade Asia Co., Ltd. commits itself to being one of the best international trading companies in Asia, with the founding of Intertrade Asia (UAE) LLC, it now plays an important role as a facilitator of the IEC’s imports and exports between Thailand and U.A.E., on furniture and household decorating items, building materials and foodstuffs.
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The Empire Group has partnered with DNMstrategies Limited based in Hong Kong to organize and host an annual Middle East – Asia Leadership Forum business conference, with the inaugural event scheduled for May 22-23, 2007 in Dubai.
As part of the BusinessWeek events series, the Middle East – Asia Leadership Forum will bring together a leading group of over 400 senior executives – half from Asia, half from the Middle East to exchange views and expand business opportunities together. We will also establish an active Middle East – Asia Business Council, which will be an elite group of about 50 prominent CEOs from both regions to convene in a smaller setting bi-annually.
Established in 1996 by Asia's most experienced team of professionals in the conference field, DNMstrategies, with its principals having over 16 years of experience in developing high-profile conferences and forums across Asia, has also produced and managed all of BusinessWeek's events in Asia.
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Empire recently sold a 24.9% equity stake in Thailand Carpet Manufacturing PLC (TCMC) to a strategic partner, DEPA United Group, based out of Dubai. Established in 1967 and widely recognized by its brand name, Royal Thai. TCMC is a publicly listed company on The Stock Exchange of Thailand and a world leader in the production and sale of handmade and machine tufted carpets and rugs, as well as fine woven Axminster carpets. TCMC products enhance the worlds’ finest hotels, restaurants and theatre chains, and can even be seen in more diverse locations such as luxury yachts.
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DEPA United Group is a leading international interior contractor and one of top five largest interior contracting companies in the world. DEPA has over three decades of prestigious hotel interior contracting and is renown for consistently delivering superior quality to its clients, including four and five star hotels/projects such as the Burj Al Arab, Emirates Palace Hotel, The Ritz Carlton Dubai, Four Seasons Sharm El Sheikh and many others around the world. DEPA has steadily grown and expanded in Europe, the Middle East, North Africa, India and China through its offices, partnerships and subsidiaries.
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Our future
Empire Group continues to review various other businesses and potential investments in Asia and internationally, that have synergistic opportunities with the Middle East’s economic growth and our select partners in the region.
Key business sectors which we are focusing on include:
- Construction and engineering
- Interior products and furnishings
- Property and Industrial estate development
- Healthcare facilities and services
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