OEM International
OEM (International) Limited operated as a construction firm based in Gibraltar, focusing mainly on delivering cost-effective housing projects commissioned by the Government of Gibraltar. The company’s leadership team featured Chairman Robert Noonan alongside Darren McComb.
Plans were unveiled by the company to establish a national carrier named Fly Gibraltar, targeting entry into the transportation industry; nonetheless, this initiative was abandoned in June 2007 due to postponements and the absence of convincing evidence indicating serious commercial commitment.
OEM specialized in building government residential developments including Nelson’s View, Cumberland Terraces, and Bayview Terraces. In April 2007, the Government reclaimed ownership of these developments after OEM failed to provide adequate financial assurances necessary to finalize construction. Following this, responsibility for completing the projects was assigned to GRP Investments Company Limited, an entity owned by the government.
This situation underscores the difficulties OEM encountered regarding its fiscal stability and operational execution within Gibraltar’s construction sector.