Saudi Aramco, Lamprell PLC, National Shipping Co. of Saudi Arabia (Bahri), and Hyundai Heavy Industries Co. Ltd. have launched the joint venture that will build an integrated maritime yard on Saudi Arabia's east coast (OGJ Online, June 1, 2017).
The venture, International Maritime Industries, has orders for more than 20 rigs and 52 ships over the next decade, Aramco said.
The 12-million-sq-m facility will anchor the King Salman International Complex for Maritime Industries and Services at Ras Al-Khair near Jubail Industrial City.
When fully operational in 2022, it will have annual capacities to manufacture four offshore rigs and more than 40 vessels, including three very large crude carriers, and to service more than 260 maritime products.
Fathi K. Al-Saleem has been named chief executive officer of International Maritime Industries. A 23-year Aramco veteran, he led feasibility and commercial development stages of the maritime joint venture.
