Independent journal on economy and transport policy
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Agreement between HHI, Saudi Aramco, Lamprell Energy and Bahri in order to realize a navalmeccanico center in Saudi Arabia
In the next few months they are in program the procedures of two diligence and other asset
January 26, 2016
The South Korean navalmeccanico group Hyundai Heavy Industries (HHI) has signed a memorandum of understanding with the Saudi oil company Saudi Aramco, with the Lamprell Energy, society with headquarters in the United Arab Emirates that supplies services and produces to means and structures for the offshore industry, and with the shipowning society National Shipping Company of Saudi Arabia (Bahri) with the scope to realize in Saudi Arabia a center for the planning, construction and offshore maintenance of structures, commercial ships and ships support. The understanding represents a modification of the MoU with the same objective that by now has reached expiration and that it was signed by Saudi Aramco with the Bahri.
In the next few months the parts will carry out the procedures of two diligence and other asset in order to determine their engagement in the project and successively they will return notes the consequent decisions on its performance.
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