McDermott to set up major fabrication facility in Saudi Arabia

10 Mar

tradearabia.com 08 Mar, 2017

McDermott International (MDR) has signed a memorandum of understanding (MoU) with Saudi Aramco for a long-term land lease to build a new fabrication and marine complex at the King Salman International Complex for Maritime Industries and Services in Ras Al Khair, Saudi Arabia currently being developed by Aramco. The future fabrication facility at Ras Al Khair is expected to provide up to 16-million man hours of capacity, up from 8-million man hours at McDermott’s current Jebel Ali facilities, with a gradual transition from McDermott’s operations in Jebel Ali expected by the mid-2020s.

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