International Maritime Industries Signs MOU With HHI to Collaborate in Building Naval Shipbuilding and MRO Capabilities in Saudi Arabia

The MOU between IMI and HHI facilitates the exchange of information and involvement in relevant Naval vessel research and development updates, and localizing engine manufacturing for naval ships in the Kingdom of Saudi Arabia. The MOU between IMI and HHI facilitates the exchange of information and involvement in relevant Naval vessel research and development updates, and localizing engine manufacturing for naval ships in theKingdom of Saudi Arabia. Maritime Industries & Services at...

The MOU between IMI and HHI facilitates the exchange of information and involvement in relevant Naval vessel research and development updates, and localizing engine manufacturing for naval ships in the Kingdom of Saudi Arabia.

Maritime Industries & Services at Ras Al-Khair, Saudi Arabia will be the largest, full service maritime facility in MENA. When building is complete, the annual capacity of the facility will be four (4) new build offshore rigs and over 43 new build vessels including VLCCs, in addition to servicing more than 260 maritime products. Major production operations are expected to commence toward the end of 2020 with the facility reaching its full production capacity by 2022. International Maritime Industries is a joint venture between Saudi Aramco, Lamprell, Bahri and Hyundai Heavy Industries.

Photo: https://mma.prnewswire.com/media/931074/Navy_MOU_Signing.jpg