Aramco official: King Salman Complex for Maritime Industries ‎contributes more than $17 bln to Saudi GDP

Ahmed Abdul Rahman Al-Saadi, Executive Vice President for Technical Services at Saudi Aramco, revealed that the King Salman International Complex for Maritime Industries and Services project has great investment returns, and is expected to contribute more than $17 billion to the Kingdom’s gross domestic product, and to help reduce imports. Marine equipment and services with a value of up to $12 billion, and the complex may produce many direct and indirect job opportunities by 2030.

He stressed that the project will add more economic value that contributes to achieving the goals of the Kingdom’s Vision 2030, and strengthens national efforts to establish new industry bases in the Kingdom, support national content, supply the Saudi economy with a new resource, and provide thousands of new and sustainable job opportunities for Saudi citizens. ..

Saudi Aramco has worked for decades to contribute to the development of the energy sector and to enhance the economic diversification of the Kingdom, through many partnerships and alliances with major international companies, including its current participation in an industrial alliance to establish the King Salman International Complex for Maritime Industries and Services, which is one of It is the largest marine industries complex in the Middle East and North Africa in terms of production capacity and scope, and it is planned that Saudi Aramco will contribute the largest share in this joint venture.

Al-Saadi indicated that the infrastructure works of the complex received great support from the state, amounting to approximately $3.8 billion, indicating that the complex, if completed, will be one of the largest full-service marine facilities in the Middle East and North Africa region, which will expand the Kingdom’s products to larger markets. meet the demands of this vital sector

He stated that the work of the King Salman International Complex for Maritime Industries and Services supports the national industry and localizes its technologies, and contributes to meeting the needs of building offshore oil and gas rigs, offshore platforms, offshore support vessels, and giant crude oil tankers, as well as a variety of marine equipment and commercial ships, in addition to the possibility of providing maintenance and restoration work for all these products

Al-Saadi noted that the objectives of the complex are in line with national aspirations in terms of attracting foreign investments and capital, local content, developing the structure of Saudi industry and making it more competitive, contributing to achieving further growth and economic diversification of the Kingdom, and localizing technology in the marine industries sector, through Contribute to the establishment of projects that help in the growth and development of the supply chain system, and will prepare the Kingdom to be a technical center that includes the best expertise in the field of marine engineering and construction at the regional level.

He stated that the National Academy for Maritime Industries has developed a two-year program that provides a number of specializations in the field of marine industries, and about 2,000 Saudi trainees have enrolled so far, and it will contribute to training and refining young talents and preparing them for the future of the marine industries sector in the Kingdom, indicating that the academy represents A qualitative addition to the process of vocational and technical education in the Kingdom, as it aims to train approximately 15,000 Saudi technicians, in addition to many university graduates in the fields of design and production engineering. It also seeks to empower women in the marine industries in the engineering and safety departments. Business development, finance, and information technology

Executive Vice President for Technical Services at Saudi Aramco said: “We stand on the cusp of a major national transformation through the Kingdom’s ambitious vision of establishing a prosperous economy. We are proud of this huge national project, which is expected to have an important contribution and a major role in advancing Economic and social development in the Kingdom, achieving the goals of economic diversification in our country, localizing more industrial technologies, and qualifying our countrymen to face the challenges of the bright future.