OEM International

Last updated
OEM (International) Limited
Private company
Industry Construction
Transport
Defunct 2007
Area served
Gibraltar
Key people
Robert Noonan (Chairman)
Darren McComb

OEM (International) Limited was a construction company based in Gibraltar.

Construction Process of the building or assembling of a building or infrastructure

Construction is the process of constructing a building or infrastructure. Construction differs from manufacturing in that manufacturing typically involves mass production of similar items without a designated purchaser, while construction typically takes place on location for a known client. Construction as an industry comprises six to nine percent of the gross domestic product of developed countries. Construction starts with planning, design, and financing; it continues until the project is built and ready for use.

Gibraltar British Overseas Territory

Gibraltar is a British Overseas Territory located at the southern tip of the Iberian Peninsula. It has an area of 6.7 km2 (2.6 sq mi) and is bordered to the north by Spain. The landscape is dominated by the Rock of Gibraltar at the foot of which is a densely populated town area, home to over 30,000 people, primarily Gibraltarians.

The company issued a press release claiming that they would be creating a national airline for Gibraltar under the name of Fly Gibraltar. After a number of delays the project was cancelled in June 2007. There is no evidence that it was ever a serious undertaking.

A flag carrier is a transportation company, such as an airline or shipping company, that, being locally registered in a given sovereign state, enjoys preferential rights or privileges accorded by the government for international operations. The term also refers to any carrier that is or was owned by a government, even long after their privatization when preferential rights or privileges continue.

Fly Gibraltar was a proposed foreign owned low-cost airline to be based in Gibraltar. It claimed it would operate services to destinations in the United Kingdom and Ireland. The airline stated that it would commence flying in April 2007.

OEM were responsible for the construction of several affordable Government of Gibraltar housing projects - Nelson’s View, Cumberland Terraces and Bayview Terraces.

Government of Gibraltar

Her Majesty's Government of Gibraltar is the democratically elected government of the British Overseas Territory of Gibraltar. The government has Queen Elizabeth II as its head of state. Elections in Gibraltar are held every four years, with a unicameral parliament of 18 members. The terms are also four years.

On 4 April 2007 the Government announced the repossession of the sites, following the failure of OEM to satisfy the Government that they had sufficient funds available to complete the construction of the projects. The construction has been taken over by GRP Investments Company Limited, which is wholly owned by the Government.

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Housing estate group of homes and other buildings built together as a single development

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Rosia Bay is the only natural harbour in Gibraltar, the British Overseas Territory at the southern end of the Iberian Peninsula. Formerly referred to as Rosia Harbour, it is located on the southwest side of Gibraltar. Rosia Bay was the site of the Royal Navy Victualling Yard complex which was constructed in the early 19th century, allowing vessels to anchor and obtain provisions, including food and water. Vice Admiral Horatio Nelson obtained supplies for his Mediterranean Fleet at Rosia Bay. It was to that same anchorage that his vessel HMS Victory was towed after Nelson's death in the 1805 Battle of Trafalgar. The area is also the location of gun batteries, including Parson's Lodge Battery at the south end of the bay and Napier of Magdala Battery at the north end. In the 21st century, Rosia Bay was the focus of controversy following the government's demolition of the historic Rosia Water Tanks and construction of the affordable housing development Nelson's View, which necessitated the relocation of the owners of the adjacent 19th century Rosia Cottages.

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Profield Contractors, also referred to as Profield Contractors Ltd, is a Gibraltar-based construction company founded in 1989. The company has worked on a number of general construction and civil engineering projects in Gibraltar.

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The Rosia Water Tanks were large water tanks built at the turn of the nineteenth century at Rosia Bay in the British Overseas Territory of Gibraltar. They were constructed based on the recommendation by Admiral John Jervis, 1st Earl of St Vincent that the Victualling Yard complex be relocated to Rosia Bay. The complex allowed Royal Navy vessels to obtain both food and water at one site. The Rosia Water Tanks remained in the possession of the Ministry of Defence until 2004, at which time they were transferred to the Government of Gibraltar. Despite local and international criticism, and a court case brought by the Gibraltar Heritage Trust, the tanks were demolished in 2006 to make way for affordable housing. When developer OEM International's funding proved insufficient to complete the project the government repossessed the site.

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The 421-a tax exemption is a property tax exemption in the U.S. state of New York that is given to real-estate developers for building new multi-family residential housing buildings in New York City. As currently written, the program also focuses on promoting affordable housing in the most densely populated areas of New York City. The exemption is granted for any buildings that add multiple new residential units, and typically lasts for 15 to 25 years after the building is completed. Longer exemption periods apply in less densely populated areas of the outer boroughs and upper Manhattan.

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