Saudi Aramco, Its Partners Launch International Marine Industries Company
(MENAFN- Saudi Press Agency)
Dhahran, Rabi'II 11, 1439, Dec 29, 2017, SPA -- Saudi Aramco today launched a joint venture for the international marine industries with Lamprell PLC; National Shipping Company of Saudi Arabia (Bahri) and Hyundai Heavy Industries ltd.
The project will provide one of the world's largest maritime integrated service complexes, with completion by 2022.
The new joint venture will localize important workshops in Saudi Aramco's supply chain associated with offshore drilling and shipping, reducing costs, response time and increasing flexibility for Saudi Aramco and its partners.
22:45 LOCAL TIME 19:45 GMT
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