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Dammam, 01 October 2025: Saudi Arabia has taken a decisive step into large-scale shipbuilding as national carrier Bahri confirmed an order for six dry bulk carriers from International Maritime Industries (IMI). The move signals the Kingdom’s intent to strengthen its maritime capabilities under Vision 2030 while driving localization of supply chains through the Saudi Inc. initiative.
A Milestone for Saudi Shipbuilding
The new vessels will be built at IMI’s Ras Al-Khair shipyard, described as the most advanced maritime facility in the Middle East and North Africa. This marks the first time ocean-going ships of this scale will be constructed within Saudi Arabia, setting a precedent for future projects.
Eng. Ahmed Ali Al-Subaey, CEO of Bahri, said: “This agreement marks a strategic milestone for Bahri and a defining moment for the maritime industry in the Kingdom. Through our partnership with International Maritime Industries to launch the first large-scale national shipbuilding program, we are not only modernizing our fleet but also laying the foundations for a sustainable and globally competitive maritime sector. The construction of these new carriers will enable us to expand and elevate our service level into strategic markets, enhance the resilience of supply chains, and deliver long-term value to our customers and stakeholders, fully aligned with the ambitious objectives of Saudi Vision 2030.”
Expanding Market Reach
The agreement underscores Bahri’s strategy to modernize operations and strengthen its position in global shipping. By constructing geared Ultramax vessels, the company gains flexibility to serve ports with limited infrastructure—an advantage in reaching niche markets and developing trade routes that are often underserved.
These ships are designed to deliver operational efficiency while providing resilience against market fluctuations. Their adaptability allows Bahri Dry Bulk to diversify routes and services, reducing reliance on traditional markets and reinforcing competitiveness in a volatile industry landscape.
The order reflects wider ambitions to develop a full maritime ecosystem in Saudi Arabia, one that not only builds vessels but also integrates supply chains and supports domestic industries. By localizing more of the shipbuilding process, the initiative aims to strengthen the Kingdom’s role in international trade while retaining value within the national economy.
