Saudi Arabia’s maritime sector is set to receive a much-needed boost with a generous allocation of SAR3bn ($8.8bn) for the energy, industry, mining and logistics sectors in its recently announced budget for 2019.
If only to exploit its unique location at the mouth of the Red Sea, Saudi Arabia, under a new liberal and progressive regime, is making a concerted effort to be a logistics hub for three continents – Asia, Europe and Africa.
State-owned Power Construction Corporation of China (PowerChina) hs announced its has won the bid for the costruction of marine facilities for the mega-shipyard King Salman International Complex.
The president of MAWANI (Saudi Ports Authority) HE Saad Abdulaziz AlKhalb visited PSA’s Saudi Global Ports (SGP) recently, and shared his vision to develop the terminal with a commitment to high standards of productivity and customer service...
With the new Saudi mega-shipyard International Maritime Industries (IMI) set for a 20 drilling rig newbuild order from ARO Drilling significant components for the first two rigs are expected to sub-contracted to Lamprell, one of the joint venture...
New Saudi mega-shipyard International Maritime Industries (IMI) and Saudi Aramco Rowan Offshore Drilling Co (ARO Drilling) have selected a new design for their newbuilding programme.
Saudi Arabia is undergoing a transformation as Crown Prince and Chairman of the Council of Economic and Development Affairs Mohammad bin Salman bin Abdulaziz Al-Saud stamps his mark on domestic and foreign policy. Reform of the country’s port...