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Saudi Aramco, Hyundai Heavy collaborate in engine, pumps business

by ChemOrbis Editorial Team -
  • 06/07/2017 (16:38)
According to a release on the company’s website, Saudi Aramco signed a Memorandum of Understanding (MOU) with Hyundai Heavy Industries (HHI) in order to cooperate for the development of engines and marine pumps business in Saudi Arabia.

According to the agreement, a joint venture will be formed under Hyundai’s HiMSEN brand name, which will produce engines and marine pumps in Ras Al-Khair, Saudi Arabia.

The new joint venture is expected to start commercial productions by the end of 2019.
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