The Sharjah-headquartered builder, which on Wednesday revealed a significant drop in full-year profit on the back of weaker revenues, will work with its larger neighbour “to identify opportunities for co-operation on floating production, storage and offloading/floating production unit projects,” it said.
It comes after Lamprell in late January inked a memorandum of understanding with Saudi Aramco, South Korea’s Hyundai Heavy Industries, and National Shipping Company of Saudi Arabia (Bahri) to explore the possibility of setting up a maritime complex in Saudi Arabia.
“We
