Lamprell pursues additional Saudi projects to gain 'stronger foothold' in Kingdom

London-listed oil equipment and services firm Lamprell updated investors on its development strategy in Saudia Arabia on Monday. In addition to International Maritime Industries, the group's joint venture with Saudi Aramco, Bahri and Hyundai Heavy Industries to develop a major maritime yard in the Arabian Gulf, Lamprell revealed it was pursuing other opportunities to gain a "stronger foothold in Saudi Arabia". Lamprell said that one of its key objectives was to qualify as a contractor to Saudi ...

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