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FINANCIAL NEWS
Saudi to construct shipbuilding complex
20 Jul 2016
(MENAFN) Saudi Arabia will build a maritime complex on its east coast, with shipbuilding capability, to enhance oil exports, a local report in Saudi Arabia said.
In detail, the kingdom will also have a shipping fleet that will match its oil capabilities, Energy Minister Khalid Al-Falih was quoted as saying in an Oman Observer report.
Meanwhile, Saudi Aramco, the world’s top oil company, will need more tankers to meet global demand, he added.
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