Saudi shipyard, International Maritime Industries (IMI) is participating in a joint venture with Zamil Offshore to deliver offshore support vessel (OSV) building and maintenance, repair and overhaul services in Saudi Arabia. OSVs will initially be built at Zamil Offshore’s existing facility in Saudi Arabia, with construction activities moving to Zone B of IMI’s yard in Ras Al Khair once it becomes operational in 2022.
The long-term agreement signed with Zamil is expected to lay the foundations for the establishment of a local operation where all OSV shipbuilding and maintenance activities can take place in the Kingdom. Under the terms of the agreement, IMI employees will be directly integrated into project teams and be able to learn from specialist naval architects and marine engineers at Zamil Offshore’s facility.
The joint venture deal was signed during a ceremony in Dhahran by Fathi Al Saleem, President and CEO of IMI, and Sufyan Al Zamil, CEO of Zamil Offshore. It was also attended by Amin Nasser, CEO and President of Saudi Aramco, Ahmed Al Saadi, Chairman of the Board of IMI, Khalid Al Zamil, Chairman of Zamil Group and executives from IMI and Zamil Offshore.