King Salman Global Maritime Industries Complex
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The King Salman Global Maritime Industries Complex is a shipyard in Ras Al-Khair , Saudi Arabia that is under construction and planned to open in late 2018. Upon completion, it will be the largest shipyard in the world. [1] Development of the facility began in November 2015, when Saudi Arabian oil and gas company Saudi Aramco and South Korean shipbuilder Hyundai Heavy Industries (HHI) signed a memorandum of understanding (MoU) regarding development of marine industry in Saudi Arabia, including a large shipyard. [2] In January 2016, it was announced that the partnership to construct the shipyard had expanded with the signing of an MoU between the National Shipping Company of Saudi Arabia , Maritime Offshore Limited (a Lamprell subsidiary), Saudi Aramco, and HHI. [3] The consortium subsequently signed a joint development agreement in June to undertake feasibility analysis of the shipyard, which had by then been confirmed to be sited in Ras Al-Khair. [3]
Royal HaskoningDHV and Hyundai Engineering & Construction were awarded a design contract for the facility in October 2016, [1] and the ceremonial groundbreaking took place on 29 November 2016, [4] although the first major construction contract, for dredging on site preparation, was not signed until May 2017. [5] In November 2017, Saudi Aramco awarded China Power Construction Group a $3 billion contract to build the shipyard facilities. [6] Total construction costs are estimated to be about US$4.3 billion. [4] The complex is scheduled to open in stages from late 2018 through 2022, when it will reach full capacity. [4] When complete, the facility is estimated to increase the gross domestic product of Saudi Arabia by $17 billion, while decreasing the country's imports by $12 billion and supporting 80,000 jobs nationally. [1]
The facility will be about 4.96 square kilometres (1,230 acres) in area, with several dry docks and at least 15 separate piers. [4] It will have four major areas of operation — shipbuilding, ship repair, oil rig construction, and oil rig support. [1] In July 2017, Hyundai Heavy Industries signed a memorandum of understanding to jointly develop with Saudi Aramco and investment company Dussur a $400 million factory to build medium speed marine diesel engines at the complex. [7] In January 2018, the anchor facility at the complex, a shipyard named International Maritime Industries, was incorporated with orders for at least 20 oil rigs and 50 ships. [8]
See also
References
- 1 2 3 4 "New Saudi Arabia Shipyard to be 'World's Largest' " . Marine Link. 11 October 2016 . Retrieved 13 May 2017 .
- ↑ "Saudi Aramco, HHI to Develop Maritime Yard in Saudi Arabia" . World Maritime News. 13 November 2015 . Retrieved 13 May 2017 .
- 1 2 "Bahri, Partners Step Closer to Set Up Maritime Yard in Saudi Arabia" . World Maritime News. 1 June 2016 . Retrieved 13 May 2017 .
- 1 2 3 4 "Saudi Arabia Lays Foundations for USD 4.3 Billion Maritime Complex" . World Maritime News. 1 December 2016 . Retrieved 13 May 2017 .
- ↑ "Aramco awards first major contract for King Salman International Complex for Maritime Industries project" . Saudi Gazette. 25 May 2017 . Retrieved 22 February 2018 .
- ↑ "Diverse projects broaden Gulf maritime market" . The Motorship. 21 December 2018 . Retrieved 29 December 2018 .
- ↑ "Hyundai Heavy Industries Enters Saudi Joint Venture" . Maritime Executive. 5 July 2017 . Retrieved 22 February 2018 .
- ↑ "Saudi maritime joint venture starts work" . Oil and Gas Journal. 2 January 2018 . Retrieved 18 March 2018 .