Riyadh - Sharikat Mubasher: The Saudi Engines Manufacturing Company (Makeen) signed a memorandum of understanding (MoU) with the global technology enterprise Kongsberg Maritime to localize waterjets in Saudi Arabia.

The agreement targets enabling local assembly and manufacturing and streamlining the future distribution of Kongsberg Maritime waterjets in the Kingdom, the company announced in a statement.

Aiming to enhance the Saudi maritime sector, this partnership includes market expansion, job localization, and training of Kongsberg Maritime waterjets, ensuring optimal performance and longevity of Kongsberg's marine products in the region and ultimately enhancing the Kingdom’s global maritime competitiveness.

Bader Alzoabi, Acting CEO of Makeen, stated that the MoU represents a significant step forward in advancing Saudi Arabia's growth across various sectors and ushering in a new era of technological innovation and economic development.

"This collaboration is expected to yield substantial benefits for both parties and the Saudi maritime sector as a whole, create job opportunities for local talent, and offer specialized training programs on jet products to enhance skills in the industry," Alzoabi elaborated.

Makeen is a joint venture formed by Saudi Aramco, HD Hyundai Heavy Industries, and Saudi Arabian Industrial Investment Company (Dussur) to manufacture, build, sell, and service marine and land-based 2- and 4-stroke engines and high-speed mtu engines.