McDermott, Aramco ink MoU

McDermott International signed a MoU with Saudi Aramco on Wednesday for the construction of a fabrication and marine complex at Ras Al Khair.

In a press release, the integrated engineering, procurement, construction and installation services provider said the future facility would double its regional manhours capacity to 16 million manhours.

The Ras Al Khair complex in Saudi Arabia will not only serve clients in the Middle East, but also in the Eastern Mediterranean, the Caspian, offshore India and along East Africa.

McDermott added the new site would facilitate a “gradual transition from McDermott’s operations in Jebel Ali expected by the mid-2020s.”

“When we look at our next 50 years of business in the Middle East, we see strong benefits to moving our business operations to Saudi Arabia, including the opportunity to modernize our facilities, move closer to Saudi Aramco and other key customers in the region as well as provide McDermott’s world-class training programs to Saudi Arabia’s talented workforce to further enhance McDermott’s Middle East operations,” McDermott President and CEO David Dickson said of the plans.