Joint venture wins design deal for Saudi maritime yard

Joint venture wins design deal for Saudi maritime yard
Updated 12 October 2016

Joint venture wins design deal for Saudi maritime yard

Joint venture wins design deal for Saudi maritime yard

JEDDAH: A joint venture of HaskoningDHV UK and Hyundai Engineering & Construction Co. has been awarded a contract to design the infrastructure for the Ras Al-Khair maritime yard in Saudi Arabia, a statement from the firms said.
The duo, based in the Netherlands and South Korea, have been awarded the front-end engineering design contract, with the work expected to take five months to complete, they said.
The huge ship repair and shipbuilding complex in the east of the country is due to be fully operational by 2021.
Saudi Aramco has said it expects the complex to create 80,000 jobs and allow Saudi Arabia to reduce its imports by $12 billion while increasing gross domestic product by $17 billion.