Saudi Arabia: Aramco pours money into region’s largest shipyard


Issue 1038 - 09 Jun 2017 | 1 minute read

Saudi Aramco has signed a joint venture agreement with National Shipping Company of Saudi Arabia (Bahri), UAE-based Lamprell and South Korea’s Hyundai Heavy Industries (HHI) to set up a $5.2bn shipyard at the King Salman International Complex for Maritime Industries and Services at Ras Al-Khair on the kingdom’s east coast. The yard, which will cover 4.3km2, is planned to be the largest of its kind in the region and will manufacture, maintain and repair offshore oil and gas rigs, offshore support vessels and very large crude carriers (VLCCs).

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.


View a selection of Free articles

Explore subscription options

Follow us on Google News