Ras Al-Khair - King Salman International Complex for Maritime Industries and Services

2/6/2017

Joint venture, Project development

Value:

$ 5.2 billion

Status:

Announced

Date:

2/6/2017

Overview:

King Salman International Complex for Maritime Industries and Services
Saudi Aramco and Lamprell, an oil rig construction business, have established a joint venture to develop a maritime yard in Saudi Arabia.
The yard will be the largest structure of its kind in the region, and will be located at Ras Al-Khair on Saudi Arabia's east coast.

Katrin Kostadinova - Data analyst

Jurisdiction:

Saudi Arabia

Deal types:

Joint venture
Project development

Practice areas:

M&A
Project development

Governing law:

Saudi Arabia

Industry sectors:

Shipping
Logistics

Firms:

Ashurst

Party: Lamprell (Joint venture partner, Sponsor)

Lawyer: Faisal Baassiri

Khoshaim & Associates

Party: Saudi Aramco (Joint venture partner, Sponsor)

Lawyer: Zeyad Khoshaim

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