Saudi Ports Authority (Mawani), a specialized entity responsible for constructing and managing ports in the Kingdom, and the National Petroleum Construction Company (NPCC), a part of Senaat Abu Dhabi, have concluded a handover ceremony of the land allocated by Mawani to NPCC for the construction of a state-of-the-art fabrication yard at the Ras Al-Khair Port, located on Saudi Arabia’s northeastern coast.
The ceremony was attended by Ibrahim Ismail Mohamed Alhosani, councilor at the UAE Embassy in Riyadh, and Mohammed Al-Shammary, vice president of Saudi Aramco’s procurement and supply chain management. The agreement was signed by Ahmed Al-Dhaheri, CEO of NPCC, and Abdulla Al-Shahrani, director of Ras Al-Khair Port, as well as a number of officials from Saudi Aramco, Mawani and NPCC.
The ceremony was held on the sidelines of the fifth edition of the In-Kingdom Total Value Add Program for the Supply Sector (IKTVA) forum and exhibition. NPCC was the platinum sponsor of the event, which was organized by Saudi Aramco at the Dhahran International Exhibition Center in Alkhobar on Feb. 24 and 25.
The handover of the land follows an agreement signed between NPCC and Saudi Aramco in 2018 to build a fully integrated fabrication yard and marine base in Ras Al-Khair, at an investment value of SR160 million ($42.6 million), to be built over 450,000 square meters. The fabrication yard is expected to create more than 2,000 jobs.
“Saudi Arabia is currently undergoing a profound transformation across all vital economic sectors, in line with the objectives of Saudi Vision 2030 to strengthen economic diversification, while focusing on developing the manufacturing capabilities of Saudi establishments led by Saudi professionals,” said Al-Dhaheri.”
“We are honored to play a part in supporting the ambitious plans with the development of the new fabrication yard in Saudi Arabia. This has long been a main area of focus for us, especially since we have several strong partnerships with leading national companies and institutions, such as Saudi Aramco.”
Al-Shahrani said: “We are delighted to hand over the allocated land to NPCC, which has demonstrated its commitment to investing in the Kingdom and developing the infrastructure and services of the Kingdom’s energy sector. We thank NPCC’s management for the project, as the Ras Al-Khair fabrication yard will have a positive impact on the economy — from enhancing local manufacturing capabilities to providing Saudis with access to rewarding job opportunities.”