Ethiopia<\/a> to open up additional opportunities.<\/p>\nEthiopian owned Orchid Group has over 2,000 staff and an asset portfolio covering construction, logistics and manufacturing.<\/p>\n
The JV, which is owned on a 50:50 basis by Atlas Development and Orchid, will draw from both parties’ industry expertise, networks and reputations to deliver high quality, international standard services within the Ethiopian market.<\/p>\n
Atlas adds that the JV aims will provide services to clients primarily in the natural resource development and infrastructure sectors, through civil engineering, project management, work-force accommodation solutions and on-going life support services.<\/p>\n
Within the JV, Atlas Development will be primarily responsible for ensuring that the JV reaches international standards on quality, health and safety, and compliance, and will provide access to capital while Orchid will provide operational support and will harness its local network in pursuit of business development opportunities.<\/p>\n
According to Chief Executive of Atlas Development, Carl Esprey the joint venture with Orchid will provide a fantastic foundation to increase the company\u2019s activity levels in country.<\/p>\n
\u201cEthiopia holds significant potential, being one of the fastest growing African economies, so we are excited about the opportunity to build on our expertise in the development, extractive and infrastructure sectors to achieve scalable growth.\u00a0 Additionally, having been able to partner with a local company of Orchid’s standing means that we will have access to additional opportunities to expand the business, which may not be available to other international companies,” said Esprey.<\/p>\n
The Jv also hopes to build capacity in the local workforce through the provision of training, skills transfer, and development programmes relating to recognized international standards.<\/p>\n
Among works handled by Orchid is the recent past with some ongoing include:Grand Ethiopian Rennaisance Dam Project, Awash Kombolcha Hara Gebeya Railway Project, Lebu Akaki IT Park Outer Ring Road Project, Saula Kako Road Construction Project, Addis Ababa Bole International Airport Terminal Expansion Project, Pile Foundation Works, Awash Kombolcha Hara Gebeya, Pile Foundation and Water Well Drilling works Adura Akobo Road project, Pile Foundation Works for 3 bridges and AAWSA\/ CGC Overseas \u2013 Legehadadi Deep Water Well Drilling works.<\/p>\n","protected":false},"excerpt":{"rendered":"
AIM and NSE listed Support services and logistics company Atlas Development has announced that it has established an Ethiopian joint venture company with Orchid Business Group PLC (Orchid), a prominent … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":2007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[3766,3410,197,3768,3763,3155,809,3762,1130,1215,3764,1440,1451,1669,3761,3769,3767,3765],"class_list":["post-4036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-addis-ababa-bole-international-airport-terminal-expansion-project","tag-atlas-development","tag-atlas-development-support-services-limited","tag-awash-kombolcha-hara-gebeya","tag-awash-kombolcha-hara-gebeya-railway-project","tag-construction","tag-ethiopia","tag-grand-ethiopian-rennaisance-dam-project","tag-infrastructure","tag-joint-venture","tag-lebu-akaki-it-park-outer-ring-road-project","tag-logistics","tag-london-stock-exchange","tag-nairobi-securities-exchange","tag-orchid-group","tag-pile-foundation-and-water-well-drilling-works-adura-akobo-road-project","tag-pile-foundation-works","tag-saula-kako-road-construction-project","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/atlas.png?fit=509%2C322&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-136","jetpack-related-posts":[{"id":4151,"url":"https:\/\/www.oilnewskenya.com\/index.php\/atlas-development-shuts-loss-making-kenyan-subsidiary\/","url_meta":{"origin":4036,"position":0},"title":"Atlas Development Shuts Loss Making Kenyan Subsidiary","author":"","date":"December 2, 2015","format":false,"excerpt":"Atlas Development & Support Services Limited has announced the decision to place its loss making Kenyan subsidiaries into liquidation by way of a Creditors Voluntary Liquidation following the downturn in the oil and gas industry, market adjustments and the failure of certain key clients to settle debts. \u00a0 Atlas Development\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/atlas.png?fit=509%2C322&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3831,"url":"https:\/\/www.oilnewskenya.com\/index.php\/loss-making-atlas-development-focuses-ethiopia-tanzania-activity-kenya-reduces\/","url_meta":{"origin":4036,"position":1},"title":"Loss Making Atlas Development focuses more on Ethiopia and Tanzania as activity in Kenya reduces","author":"","date":"September 18, 2015","format":false,"excerpt":"Nairobi securities exchange listed company Atlas Development has said it is now eyeing the Ethiopian and Tanzanian markets as oil exploration in Kenya and the Turkana region witnesses a significant reduction. \u00a0 According to the company business in Ethiopia has been improving with contracts in the potash project where developers\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Atlas-Development-2.png?fit=389%2C423&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2006,"url":"https:\/\/www.oilnewskenya.com\/index.php\/african-oilfield-logistics-limited-rebrands-to-atlas-development-support-services-limited\/","url_meta":{"origin":4036,"position":2},"title":"African Oilfield Logistics Limited rebrands to Atlas Development & Support Services Limited","author":"Samuel Kamau Mbote","date":"November 6, 2014","format":false,"excerpt":"African focused support services and Logistics Company formerly known as Africa Oilfield Logistics Limited announces that it has completed its change of name to Atlas Development & Support Services Limited and effective 28th October. This follows the acquisition of the entire issued share capital of Ardan Logistics Kenya Limited by\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/atlas.png?fit=509%2C322&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2190,"url":"https:\/\/www.oilnewskenya.com\/index.php\/atlas-development-support-services-lists-on-the-nairobi-securities-exchange\/","url_meta":{"origin":4036,"position":3},"title":"Atlas Development & Support Services lists on the Nairobi Securities Exchange","author":"Samuel Kamau Mbote","date":"December 17, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Nairobi-headquartered support services and logistics company Atlas Development & Support Services (ADSS or Atlas cross listed on the Growth Enterprise Market Segment ('GEMS') of the Nairobi Securities Exchange, having successfully raised KES 450 million (US$5 million) through a private placement to Kenyan investors. According to Atlas CEO Carl\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/12\/img_20141217_093927.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/12\/img_20141217_093927.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/12\/img_20141217_093927.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/12\/img_20141217_093927.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/12\/img_20141217_093927.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":2753,"url":"https:\/\/www.oilnewskenya.com\/index.php\/atlas-development-support-services-expands-north-africa\/","url_meta":{"origin":4036,"position":4},"title":"Atlas Development & Support Services Expands into North Africa","author":"","date":"March 26, 2015","format":false,"excerpt":"Kenyan headquartered \u00a0and listed African focussed support services and logistics company Atlas Development \u00a0has announce that it has been engaged to provide civil engineering supervisory, advanced life support, security and risk advisory services to a European and North African focussed oil and gas company operating in Western Sahara. 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