Saudi Arabia to build two fabrication yards
Saudi Arabia The construction of the two sites in Ras Al Khair will be done in collaboration with National Petroleum Construction Company and McDermott International.
Both yards are expected to begin production in Q3 2023, with initial production capacity of around 70,000 tonnes per year, increasing the country’s offshore fabrication capacity to 100,000 tonnes per year.
The two assets will boost Saudi Arabia’s offshore fabrication capacity by 200% and will be designed to serve both the local and greater GCC region.
When fully operational, around 7,000 direct and indirect jobs are expected to be created by the project, with a targeted Saudization rate of 70%.
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