Expanding our fabrication capacity in Saudi Arabia demonstrates McDermott’s commitment to the Kingdom’s Vision 2030 objectives.

We are delighted to have signed this agreement with our partner, IMI. Through our comprehensive portfolio of services and strong track record of industrial logistics projects, we are confident in our ability to fulfill IMI’s storage and logistics needs.

This project is an active practice by Baosteel to explore lower-carbon paths for the steel industry, a major achievement in promoting the international development strategy of Baosteel. The project aims to contribute positively to the localization of the steel industry chain, job creation and local economic prosperity in Saudi Arabia.

In line with the Kingdom’s vision, Makeen aims to localise marine engine and pump manufacturing. To support the national economy in the field of heavy industries, and create employment opportunities by supporting and training national youth on the latest global manufacturing technologies.

The Kingdom's first steel plate production facility is expected to enhance Saudi Arabia's steel industry ecosystem and improve supply chain localization. Under Aramco's flagship industrial investment program, Namaat, and supported by the government's Shareek program, this joint venture is expected to create jobs and contribute to economic growth and diversification.

This is a significant milestone in the project. We have had excellent team collaboration in getting this first rig delivered to the highest standards of safety and quality and have also welcomed many Saudi nationals during the course of the project as part of supporting the capacity building for IMI’s capabilities.