SepcoIII, working with Aramco, one of four jv partners at International Maritime Industries (IMI), will manufacture two and four-stroke marine and electric power plant engines, in addition to marine pumps for ships, auxiliary equipment, generators and propulsion systems, a report in Arab News said last week, citing the Middle East Economic Digest (MEED).
IMI is limbering up to launch shipbuilding and repair services at Ras Al-Khair, the biggest such facility in the Gulf Cooperation Council. SepcoIII has won a raft of work in the region in recent months in the kingdom and the rest of the GCC.
In 2018, Saudi Aramco awarded Sepco Arabia contracts worth about $3.3bn for the construction of onshore marine facilities including dry docks, basins, piers and utility buildings, according to MEED.
Founded in 1952, Sepco Electric Power Construction Corporation (Sepco) is a wholly-owned subsidiary of Power Construction Corporation of China with total assets of $1.7 billion. Sepco claims to be one of the largest 250 international contractors of the world and to be the EPC general contractor certified by Saudi Electric Company and Aramco.
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