DHAHRAN, Saudi Arabia – McDermott International will construct a fabrication site at the King Salman International Complex for Maritime Industries in Ras Al-Khair, Saudi Arabia, after signing a land lease agreement with Saudi Aramco.
The new facility, which follows an earlier Memorandum of Understanding between the two companies, will produce offshore platforms and offshore/onshore modules.
In addition, McDermott plans to expand its in-country engineering and procurement offices and establish a new marine base in Saudi Arabia’s the Eastern Province to support installation of platforms, subsea pipelines and cables, skids, and associated structures and assemblies.
“This facility will serve as a major engineering, procurement, construction, and installation hub for not only the Kingdom, but for the GCC region,” said Ahmad Al Sa’adi, Aramco’s senior vice president of Technical Services.
“Having this facility withInternational Maritime Industries (IMI) in the King Salman International Complex for Maritime Industries offers an integrated portfolio of maritime products and services,” added Mohammad Al Assaf, vice president of New Business Development.
“The localization of these capabilities will contribute to diversifying the economy, create almost 7,000 jobs, and achieve a target of 60% Saudization by 2030.”
Its throughput capacity will be more than 60,000 MM tons/yr.