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International Maritime Industries to play key role at upcoming Saudi Maritime Congress 2020

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International Maritime Industries to play key role at upcoming Saudi Maritime Congress 2020

Mega shipyard to hold workshop to showcase growth opportunities in its facility

In an interesting initiative announced these days , maritime suppliers eager to improve a relationship with International Maritime Industries (IMI) are invited to a ‘Mega Yard, Mega Opportunity: IMI Supplier Workshop’ on the first day of Saudi Maritime Congress.

IMI - which targets to turn out to be one of the biggest full-service maritime facilities, capable of competing towards the world’s largest shipyards – is a strategic partner of the two-day event which takes place at Dhahran Expo in Dammam from March 22 to 23, 2020.
By invitation only, the session will serve as a international gathering for suppliers of ship tools and services, shipowners and operators who favor to do business in Saudi Arabia and who are looking for to enhance a relationship with IMI. This workshop is a special opportunity for global companies to build together beneficial alliances with this main USD5.2 billion mega shipyard facility, which is located at Ras Al Khair in the Kingdom.

Julian Panter, Vice President; Business Development (International Maritime Industries), said: “IMI is very proud to be part of the third Annual Saudi Maritime Congress in Dhahran (hosted by Seatrade). The event was a splendid success last year in Riyadh; IMI is looking ahead to working with Seatrade in 2020 to build on that success. As a strategic partner IMI sees this event as the ideal platform to promote the ever-developing maritime industry in Saudi Arabia; bringing together as many key industry stakeholders as possible for networking, market insights, Q&A’s, presentations and the advertising of organisational services.”

Chris Hayman, Chairman, Seatrade – organisers of Saudi Maritime Congress, said: “As the Saudi Vision 2030 programme unfolds, this Congress is set to become the biggest and most vital event in the Kingdom for international and local maritime professionals. As an international venue for all stakeholders to meet, network, and find leading business opportunities in Saudi Arabia, the gathering will assist appeal to new investments to the Kingdom’s maritime and logistics sectors. We are delighted that IMI will be playing a essential role in this event as Strategic Partner. As an essential player in attaining the Vision 2030 objectives, the IMI Workshop will highlight the growth prospects of the company and allow stakeholders, both national and international, to understand better the opportunities for doing business in the Kingdom.

Set to emerge as entirely operational in 2022, IMI is predicted to generate 80,000 direct and indirect jobs by 2030 and is likely to make a USD 17-billion financial impact. The almost 12 million square-meter facility can manufacture 4 offshore oil and gas rigs and over 40 vessels yearly consisting of three very large crude carriers (VLCCs). It can also service over 260 maritime products.

The largest combined drydock area in MENA, which has a combined raise capability of 2,150 tons, IMI offers an opportunity for new suppliers and international businesses to make investments in the yard’s operations. This makes it a massive contributor to the achievement of Vision 2030’s goals and the socio-economic growth of Saudi Arabia as a whole.

In the current World Bank Group’s “Doing Business 2020” report, Saudi Arabia’s accelerated business climate reforms had been highlighted. “Saudi Arabia’s amazing reforms in doing business…show its dedication to gratifying a major pillar of its National Vision 2030: a thriving economy,” said Issam Abousleiman, World Bank Regional Director of the Gulf Cooperation Council (GCC). “Easing the business climate for nearby entrepreneurs to thrive as well as foreign investors to work in the Kingdom indicates a forward path to creating more jobs for Saudi youth and women, and developing sustainable, inclusive growth.”

Saudi Maritime Congress will put the highlight on Saudi Arabia’s maritime accomplishments over the years. Held in partnership with Saudi Ports Authority (MAWANI) and Bahri, the 2020 edition of the Congress will host key maritime suppliers, manufacturers, and service providers from all over the world.

For more information about Saudi Maritime Congress, please visit: www.saudimaritimecongress.com