Mawani, the Saudi Ports Authority, has signed a contract with Singatac Arabia to establish a manufacturing centre for offshore structures and platforms at Ras Al-Khair Port, serving the oil and gas industry.
The project includes
the construction of warehouses for finished parts, as well as the provision of
specialised equipment, welding systems, and cranes to meet the requirements of
offshore projects involving marine platforms and structures.
The project carries an
investment value of SAR139 million ($37 million) and covers an area of 100,000
square meters.
The project is
expected to create more than 500 direct and indirect jobs, contributing to the development
of national talent, strengthening the operational capabilities of Ras Al-Khair
Port and value-added services, increasing the port’s handling capacity,
supporting economic and development activity, and enhancing the contribution of
exports to the national economy. -TradeArabia News Service
