Dawn of new era for Saudi shipyards

摘要

The Saudi shipbuilding and repair sector is undergoing a transformation as companies gear up to take on growing volumes of local ship repair business and invest in new facilities for ship construction. Eng Fares A. Al-Balwi, ceo of Al Blagha Holdings, which is a leading investor in the sector, explains that the country has suffered from a lack of well-operated yards in the past. But the situation is now changing, he says, and he points to Jeddah Shipyard as an example.