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Swiss firm sets up Saudi division to target shipbuilding sector


RIYADH: Switzerland’s ABB Marine and Ports is setting up a local division in Saudi Arabia in a bid to expand its client base across the Kingdom’s shipping, ports and offshore sectors.
The company also aims to help develop the local shipbuilding industry, part of the Kingdom’s ambitions to diversify its economy away from a focus on the hydrocarbons sector under Saudi Vision 2030 and the In-Kingdom Total Value Add (IKTVA) program.
“Through the IKTVA program and Saudi Vision 2030, the country seeks new opportunities and one of the areas for focus is shipbuilding,” Justin John, ad interim local division manager for Saudi Arabia, said in a statement. “We are delighted to accompany Saudi Arabia on its journey toward a more diverse and environmentally conscious marine sector.” ....

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ABB Marine & Ports Expands In Turkey And Saudi Arabia


ABB Marine & Ports Expands in Turkey and Saudi Arabia
Maritime Activity Reports, Inc.
(Photo: ABB)
ABB Marine & Ports said it is ramping its presence with local divisions in Turkey and Saudi Arabia, in a move aimed at extending the company s global reach and service capabilities.
In Turkey, ABB s newly established local division will serve the country’s vibrant maritime community. The shipbuilding segment in Turkey is a hive of activity – particularly for smaller and short-sea vessels, where ABB’s recent references include systems for two Turkish-built windfarm service vessels delivered to Louis Dreyfus Armateurs, a double ended ferry delivered to Torghatten Trafikkselskap, and a live fish carrier due delivery to FrøyGruppen in 2023. ....

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