Independent journal on economy and transport policy
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Joint venture navalmeccanica of Saudi Aramco, Lamprell and Hyundai Heavy Industries
New great ship yard in Ras Al-Khair Industrial City, Saudi Arabia
January 2, 2018
The Saudi oil company Saudi Aramco has signed an agreement with the navalmeccanico and ingegneristico group emiratino Lamprell Plc and with the South Korean navalmeccanico group Hyundai Heavy Industries (HHI) in order to constitute joint venture Maritime International Industries (IMI). The new shipbuilding society will be active is in the segment of the construction of oil platforms and other structures for the offshore industry are in the field of the shipbuilding, in particular in the realization of oil tankers and naval units to support of the oil industry.
According to the forecasts, the new company will begin the activity in 2019 and will be totally operating in 2022. The new ship yard, that it will occupy an area of about 12 million square metres in Ras Al-Khair Industrial City in Saudi Arabia, will have a annual manufacturing capacity pairs to a total of four oil platforms and to beyond 40 ships, between which three oil tankers Raw Very Large Carrier. To the new society already orders for the construction of four platforms and 52 ships are conferred.
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