The King Salman Global Maritime Industries Complex is a shipyard in Ras Al-Khair, Saudi Arabia that is under construction and planned to open in late 2018.
[3] 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.
[5] In November 2017, Saudi Aramco awarded China Power Construction Group a $3 billion contract to build the shipyard facilities.
[1] In July 2017, Hyundai Heavy Industries signed a memorandum of understanding to jointly develop with Saudi Aramco and investment company Dussur a $400 million factory to build medium speed marine diesel engines at the complex.
[7] 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.