CAIRO, March 26 (Reuters) - Saudi Aramco signed a land lease agreement with McDermott Arabia Company on Tuesday to establish an engineering, procurement, construction, and installation facility in the King Salman International Complex for Maritime Industries in Ras Al-Khair, Saudi Arabia.
A joint press release said that Aramco signed the lease with McDermott Arabia, a subsidiary of McDermott International Inc, to establish a fabrication facility that will be used for large scale fabrication of offshore platforms and onshore/offshore modules.
Saudi Aramco Senior Vice President of Technical Services, Ahmad Al Sa'adi said the facility would serve as a major engineering, procurement, construction, and installation hub not only the Kingdom, but for the GCC region. (Reporting by Saeed Azhar, writing by Nayera Abdallah. Editing by Jane Merriman)