Saudi Aramco, STX to Construct $4 Billion Shipyard, MEED Says

Saudi Arabian Oil Co., known as Saudi Aramco, and STX Heavy Industries Co. (071970) plan to build a $4 billion ship repair and fabrication yard at Ras al-Khair in Saudi Arabia’s Eastern Province, MEED reported today on its website, citing industry sources.

To contact the reporter on this story: Wael Mahdi in Manama at wmahdi@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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