International Maritime Industries pens up to $346mln deals at iktva 2023

International Maritime Industries pens up to $346mln deals at iktva 2023

Riyadh – International Maritime Industries (IMI) signed 10 agreements at a value of up to SAR 1.30 billion during the In-Kingdom Total Value Add 2023 (iktva) programme.

The MENA region biggest shipyard IMI signed six of the agreements with ESAB, Gulf Cryo, Euroblast, Acceleron, and ElectroMech. The partnerships focused on boosting IMI’s business operations in several segments, like shipbuilding, ship repair, and marine engineering.

The remaining four agreements were signed with Saudi training institutions and academies; the National Industrial Training Institute (NITI), Saudi Petroleum Services Polytechnic (SPSP), National Maritime Academy (NMA), and National Power Academy (NPA). Their objectives were to endorse and expand IMI’s apprenticeship programme.

iktva programme offers associate degrees in different trades and hands-on training to young Saudi industrial workers. Until the present time, some 1,830 have enrolled, of which 1,281 graduated and got hired into roles at IMI.

CEO of IMI, Abdullah Al Ahmari, said: “These agreements reflect IMI's commitment to driving the growth of the Saudi maritime industry and contributing to the Kingdom’s localisation goals.”

Al Ahmari elaborated: “By partnering with leading companies and training institutions we are actively expanding our capabilities and service offering to establish IMI as a Saudi maritime leader and key contributor to Vision 2030.”

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