Riyadh – The Saudi Ports Authority (Mawani) and the National Petroleum Construction Company (NPCC), a part of Senaat Abu Dhabi, signed a hand-over agreement at a ceremony attended by government representatives and industry leaders.
The land is allocated by Mawani to NPCC in order to build a state-of-the-art fabrication yard in Saudi Arabia at Ras Al Khair Port, as per an agreement signed in 2018.
Accordingly, construction works will commence, with the project set to see investment of SAR 160 million.
The agreement was signed by Ahmed Al Dhaheri, CEO of NPCC, and Abdulla Al Shahrani, the Director of Ras Al Khair Port. In the presence of Ibrahim Ismail Mohamed Alhosani, Councilor of the UAE Embassy in Riyadh; Mohammed Al Shammary, Vice President of Saudi Aramco’s Procurement and Supply Chain Management.
The ceremony was held on the sidelines of the in-Kingdom Total Value-Add (iktva) Forum and Exhibition 2020, organised by Saudi Aramco at the Dhahran Expo Centre in Dammam.
The facility spans over 450,000 square metres, with its establishment set to create over 2,000 jobs.
It is worth noting that NPCC has signed a long-term agreement with Saudi Aramco for offshore projects, that led to NPCC winning 12 major projects that are valued at around SAR 10 billion ($2.71 billion).
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