UAE’s NMDC Energy opens advanced fabrication yard in Ras Al Khair, Saudi Arabia

The new facility marks the next phase of the company’s strategic regional and global growth plans.

The 400,000 sqm state-of-the-art yard, part of the Ras Al Khair Special Economic Zone, will provide offshore facilities fabrication as well as onshore modularisation.

The fabrication yard will form part of an end-to-end solution in a wider maritime and offshore cluster which is designed to support the energy industry.

Saudi Arabia currently accounts for 38 per cent of NMDC Energy’s total revenue, reflecting the depth of the organisation’s activities in the country.

Mohamed Hamad Ghanem Hamad Almehairi, Chairman of NMDC Energy, said the inauguration of Ras Al Khair represents a bold and exciting new chapter for energy cooperation for both the UAE and Saudi Arabia, which will bring vast tangible benefits to both nations.

“We foresee vast opportunities to collaborate and to pursue projects in areas that will maximise the value of the resources in both our nations, as well as ensure that the UAE and KSA remain leaders in the regional energy transition,” he said.

Yasser Zaghloul, CEO of NMDC Group, said Saudi Arabia is pushing forward at a relentless speed to develop efficient, competitive, and responsive port and manufacturing ecosystems that will enhance the nation’s economic growth to ensure it keeps pace with global developments.

“At NMDC, we’re playing a pivotal role in these efforts, and we’re helping to strengthen UAE-KSA collaboration across vital sectors,” he said.

NMDC said Saudi Arabia has been a strong supporter for this ambitious, large-scale project, which opens a new phase for UAE-KSA economic collaboration.

Several key stakeholders in Saudi Arabia have played a role in the development of NMDC Energy’s yard, such as Aramco, the Saudi Ports Authority (Mawani), and both the Ministry of Energy and Ministry of Investment in Saudi Arabia, it said.