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International Maritime Industries and Zamil Offshore launch OSV joint venture

Dated on: November 2021

We are honored to sign this JV agreement with our partner International Maritime Industries . With IMI’s global expertise and top-class facilities at Ras Alkhair and Zamil’s proven track record in shipbuilding and repair, we are confident that our joint venture will not only address the needs of the local market, but also go beyond that and compete in the regional and international arena.

It is expected the Joint Venture will lay the foundation for the establishment of a local, cost-efficient operation where all OSV shipbuilding activities occur in the Kingdom, while supporting the development of an advanced and sustainable Saudi maritime industry, in line with the goals of Vision 2030. The partnership will combine IMI’s state-of-the-art facilities with Zamil Offshore’s knowledge and expertise. With the support of IMI’s founding partners, Saudi Aramco, Lamprell, and HHI, the joint venture aims to be one of the world’s most competitive OSV builders and maintenance, repair and overhaul (MRO) service providers.

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