Bahrain-based Arab Shipbuilding and Repair Yard Company (ASRY) has announced that it has successfully completed a series of major rig repair and upgrade projects for ADES Holding, a major unit of Saudi sovereign wealth fund PIF and a leading provider of jackup rigs to the oil and gas industry.
Saudi sovereign wealth fund PIF has reached an agreement with Red Sea Aluminium Holdings (RSAH) to jointly develop an single integrated downstream aluminium complex in Yanbu. The duo aims to introduce advanced smelting and continuous-casting technologies to the Saudi market.
Parsons Corporation has secured the infrastructure lead design consultancy contract from Saudi PIF-owned New Murabba Development Company for its mega project in the kingdom. The scope of work includes provision of design and construction technical support for New Murabba project.
