Sat, Dec 20, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment

Saudi Arabia plans to build world-class maritime yard

Posted on 21 August 2013

The National Shipping Company of Saudi Arabia (Bahri) has entered into a Memorandum of Understanding (MOU) with Saudi Aramco and Sembcorp Marine Ltd (a leading global marine and offshore engineering group based in Singapore) to conduct a feasibility study for the development of a world-class maritime yard in Saudi Arabia.
Bahri, which is 28 percent owned by the state-owned Public Investment Fund, agreed a $1.3 billion merger with Vela International Marine in October………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15428 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031