April 2, 2019 – McDermott Arabia Company, Ltd, a subsidiary of McDermott International, Inc. has signed a lease agreement with Saudi Aramco to establish a fabrication facility in the Ras Al-Khair-based King Salman International Complex for Maritime Industries. The facility will be used for large scale fabrication of offshore platforms and onshore/offshore modules and will utilize cutting edge technologies to ensure world class standards in safety, quality and efficiency. The facility will further cover an area of approximately 1,150,000 m2 and have a throughput capacity in excess of 60,000 metric tons per year during peak production. It is expected to be operational by 2022.
You also might be interested in
Saudi Arabia has the largest pharmaceutical market in the Middle[...]
February 18, 2019 – During the Naval Defense Exposition (NAVDEX),[...]
Organized by Saudi Arabian Military Industries (SAMI) in collaboration with the U.S.-Saudi Arabian Business Council, the Defense Technology and Security Conference concluded its sessions with the participation of more than a dozen high-profile speakers and over 100 industry leaders, advisors, regulators, and influencers who came to discuss and learn more about Saudi Arabia’s vision and strategic outlook in developing its defense industry with a special focus on technology and security as the two main components of the program.