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Construction Group a $ 3 billion contract to build the shipyard facilities. Total construction costs are estimated to be about US$ 4.3 billion. The complex is scheduled to open in stages from late 2018 through 2022, when it will reach full capacity. When complete, the facility is estimated to increase the gross domestic product of Saudi Arabia by $ 17 billion, while decreasing the country's imports by $ 12 billion and supporting 80,000 jobs nationally.
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were awarded a design contract for the facility in
October 2016, and the ceremonial groundbreaking took place on 29 November 2016, although the first major construction contract, for dredging on site preparation, was not signed until May 2017. In November 2017, Saudi Aramco awarded China Power
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The facility will be about 4.96 square kilometres (1,230 acres) in area, with several dry docks and at least 15 separate piers. It will have four major areas of operation—shipbuilding, ship repair, oil rig construction, and oil rig support. In July 2017,
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a $ 400 million factory to build medium speed marine diesel engines at the complex. In
January 2018, the anchor facility at the complex, a shipyard named International Maritime Industries, was incorporated with orders for at least 20 oil rigs and 50 ships.
24:, Saudi Arabia that is under construction and planned to open in late 2018. Upon completion, it will be the largest shipyard in the world. Development of the facility began in November 2015, when Saudi Arabian oil and gas company
36:(MoU) regarding development of marine industry in Saudi Arabia, including a large shipyard. In January 2016, it was announced that the partnership to construct the shipyard had expanded with the signing of an MoU between the
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subsidiary), Saudi Aramco, and HHI. The consortium subsequently signed a joint development agreement in June to undertake feasibility analysis of the shipyard, which had by then been confirmed to be sited in Ras Al-Khair.
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220:"Aramco awards first major contract for King Salman International Complex for Maritime Industries project"
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signed a memorandum of understanding to jointly develop with Saudi Aramco and investment company
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169:"Bahri, Partners Step Closer to Set Up Maritime Yard in Saudi Arabia"
198:"Saudi Arabia Lays Foundations for USD 4.3 Billion Maritime Complex"
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144:"Saudi Aramco, HHI to Develop Maritime Yard in Saudi Arabia"
264:"Hyundai Heavy Industries Enters Saudi Joint Venture"
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122:"New Saudi Arabia Shipyard to be 'World's Largest'"
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242:"Diverse projects broaden Gulf maritime market"
18:King Salman Global Maritime Industries Complex
286:"Saudi maritime joint venture starts work"
38:National Shipping Company of Saudi Arabia
146:. World Maritime News. 13 November 2015
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200:. World Maritime News. 1 December 2016
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95:List of things named after Saudi Kings
53:Hyundai Engineering & Construction
288:. Oil and Gas Journal. 2 January 2018
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319:Ports and harbours of Saudi Arabia
171:. World Maritime News. 1 June 2016
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266:. Maritime Executive. 5 July 2017
244:. The Motorship. 21 December 2018
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40:, Maritime Offshore Limited (a
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124:. Marine Link. 11 October 2016
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28:and South Korean shipbuilder
222:. Saudi Gazette. 25 May 2017
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34:memorandum of understanding
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62:Hyundai Heavy Industries
30:Hyundai Heavy Industries
314:Shipbuilding companies
87:Saudi Arabia portal
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22:Ras Al-Khair
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270:22 February
248:29 December
226:22 February
308:Categories
101:References
292:18 March
73:See also
42:Lamprell
204:13 May
175:13 May
150:13 May
128:13 May
66:Dussur
294:2018
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