Saudi Arabia Marine Tenders

Market value: The Saudi Arabian marine market is expected to reach a staggering $19.68 billion by 2030, indicating a significant growth from the current $12.08 billion in 2023.
Global integration: The Kingdom is actively pursuing ambitious plans to become a global logistics hub, including developing massive maritime megaprojects and doubling port capacity.
Economic importance: With 90% of global trade relying on maritime transport, Saudi Arabia's strategic location and vast coastline position it as a key player in the sector.

Saudi Arabia Marine Government Procurement
Government support: The Saudi government is actively investing in the marine sector, allocating significant budgets for procurement of maritime products and services.
Transparency and efficiency: The government procurement process is committed to transparency and efficiency, utilizing online platforms and standardized procedures.
Diverse opportunities: A wide range of marine products and services are procured by the government, including shipbuilding, maintenance, offshore support, port equipment, and maritime security solutions.

Main Marine Products and Services Procured by Saudi Arabia Government
Offshore support vessels: Driven by the thriving oil and gas industry, the government procures a significant number of offshore support vessels for exploration, production, and maintenance activities.
Port equipment: As the Kingdom's ports expand, the demand for modern port equipment like cranes, container handling systems, and navigation technology is constantly growing.
Shipbuilding and repair: The government invests in domestic shipbuilding capabilities, requiring services from shipyards for construction, repair, and modernization of vessels.
Maritime security solutions: To ensure the safety of its maritime domain, the government procures sophisticated security solutions including surveillance systems, patrol boats, and specialized training programs.

Top Authorities for Saudi Arabia Marine Procurement
Ministry of Transport and Logistics: This ministry oversees the overall development and regulation of the maritime sector, playing a key role in procurement decisions.
Saudi Ports Authority (MAWANI): Responsible for the management and development of Saudi ports, MAWANI procures equipment and services to improve port operations and efficiency.
Saudi Aramco: As the national oil and gas company, Saudi Aramco is a major player in the marine sector, actively procuring offshore support vessels and related services.

Top Winners of Saudi Arabia Marine Procurement Contracts
International and local companies: Both international giants and local players compete for lucrative marine procurement contracts in Saudi Arabia.
Examples: Leading companies like Hyundai Heavy Industries, Damen Shipyards, and ST Engineering have secured major shipbuilding contracts, while local companies like Saudi Arabian National Shipping Company (Bahri) and Saudi Aramco Marine Services (SAMS) have won contracts for offshore support services.

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