The collaboration marked a significant milestone in strengthening offshore energy and maritime value chains, aligning with Saudi Arabia’s Vision 2030 and expanding Singapore’s industrial footprint in the Middle East
SINGATAC has entered into a strategic agreement with the Saudi Ports Authority (MAWANI) to develop a state-of-the-art manufacturing centre for offshore structures and platforms at the Ras Al-Khair Port. The partnership reflected growing industrial cooperation between Singapore and the Kingdom of Saudi Arabia in the offshore energy and maritime sectors.
The facility, backed by a targeted investment of up to SAR 139 million (approximately US$37 million), was set to manufacture offshore oil and gas components as well as wind energy structures. Designed as a strategic export hub, the centre would serve key markets across the Gulf Cooperation Council (GCC), Africa, and Europe, reinforcing Saudi Arabia’s position as a regional industrial and logistics gateway.
Beyond manufacturing, the project was expected to contribute to local value creation and industrial capability building, in line with Saudi Arabia’s Vision 2030 objectives. By enhancing domestic supply chains and supporting energy diversification, the initiative aimed to strengthen the Kingdom’s long-term economic resilience and sustainability agenda.
The Enterprise Singapore welcomed the development and expressed its support for SINGATAC’s first manufacturing centre outside Southeast Asia. The move underscored the growing internationalisation of Singapore enterprises and their active role in forging partnerships that deliver mutual economic benefits.
Overall, the agreement stood as a testament to the deepening economic ties between Singapore and Saudi Arabia, highlighting how cross-border collaboration could accelerate innovation, expand industrial capabilities, and support the global energy transition.
Source: EnterpriseSG – Middle East
