International Maritime Industries (IMI) signed an agreement with Aro Drilling (Aro) for the construction of a new offshore drilling rig named "Kingdom 4" in Saudi Arabia.

The announcement was made during the Saudi Maritime and Logistics Congress in Dammam.

The agreement aims to strengthen the strategic partnership between the companies, expand Aro's operations in Saudi regional waters, and enhance the Kingdom's leadership in the maritime sector, reported SPA.
IMI's 12 million-square-meter facility in Ras Al-Khair will enable the construction of up to six offshore drilling rigs, 25 offshore support vessels, and 18 large commercial vessels annually, including chemical tankers, bulk carriers, product tankers, and very large crude carriers (VLCCs).

The facility will also provide maintenance and repair services for up to 250 vessels and 15 drilling rigs each year.