Saudi IMI - King Salman International Complex for Maritime Industries and Services - Ras Al Khair Port - Zone B - Details on ZAWYA UAE Edition
last updated on: 30 December 2019

Saudi IMI - King Salman International Complex for Maritime Industries and Services - Ras Al Khair Port - Zone B

Also known as: Ras Al Khair Port - Zone B
Ongoing

Background

JV of Saudi Arabian Oil Company ,HYUNDAI HEAVY INDUSTRIES Heavy Industries Company, Lamprell Uae's and The National Shipping Company of Saudi Arabia planning to develop Ras Al Khair Port in Ras al Khair, Al Qatif, Eastern Province, Saudi Arabia. The shipyard, by which the JV aims to capitalize on the growing regional maritime industry, will be the anchor project within the King Salman International Complex for Maritime Industries and Services located in Ras Al-Khair, near the Jubail Industrial City on the Kingdom’s east coast. The new JV localizes essential links of Saudi Arabian Oil CompanySaudi Arabian Oil Company and its affiliates. the project is designed to contribute about USD17 billion to the kingdom’s GDP, boost import substitution for maritime products and services of up to USD12 billion, and create more than 80,000 direct and indirect jobs by 2030. The integrated maritime yard will be the largest in the region in terms of production capacity and scale, providing an unprecedented mix of products and services in the region and enabling Saudi Aramco and its supply chain partners to meet their manufacturing, maintenance, repair and overhaul requirements for offshore oil and gas rigs, offshore support vessels, and commercial vessels, including Very Large Crude Carriers (VLCC). The project consists the construction of a port and related facilities: The second zone, dedicated to offshore support vessels, will have the capacity to build 25 ships and repair 115 offshore support vessels a year, and will consist of 9 berths and fully equipped ship repair workshops. The Pre-feasibility study was carried by Saudi Arabian Oil Company The Feasibility Study was carried out by JV of Saudi Arabian Oil Company ,HYUNDAI HEAVY INDUSTRIES Heavy Industries Company, Lamprell Uae's and The National Shipping Company of Saudi Arabia.
Sub-Sector
Port
Facility Type
Port
Project Type

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