JEDDAH: Saudi Arabia’s ports authority has signed a SR139 million ($37 million) agreement with Singatac Arabia to build an offshore structures manufacturing facility at Ras Al-Khair port.
The Saudi Ports Authority, known as Mawani, said the project, signed with the local unit of Singapore-based Singatac Engineering Pte. Ltd., will support the fabrication of marine platforms and offshore structures.
The facility will include warehouses for finished components, along with specialized equipment, welding systems and cranes to meet the requirements of offshore projects, Mawani said.
Spanning 100,000 sq. meters, the project reflects efforts to reinforce the Kingdom’s standing as a global logistics hub in line with the National Transport and Logistics Strategy, while supporting regional and international supply and distribution chains.
The contract was signed by Mawani President Suliman bin Khalid Al-Mazroua and Singatac Arabia Chairman Tan Soon Kiong, in the presence of Singapore’s Ambassador to Saudi Arabia, S. Premjith, and other officials.
