The joint-venture agreement includes the establishment, development and operation of a shipyard in Saudi Arabia.
PUBLICITÉ
The new facility is to have capacity to manufacture four offshore rigs, over forty vessels including three VLCCs and service over two-hundred and sixty maritime products annually.
Located in the port city of Ras al-Khair, the shipyard is expected to enter into operation in 2019 and reach its full production capacity by 2022.
It is worth $5.2bn.
