Jakarta (ANTARA News/Asia Pulse) - The Saipem Group from Italy has started preparation to build a dockyard and an offshore rig in the Karimun regency of Riau, Indonesia with an investment of US$370 million.
The project was inaugurated yesterday by Transport Equipment Director General Budi Darmadi, the newspaper Bisnis Indonesia reported today. General Manager of Offshore Business of the Saipem Group Yves Inbona said the investment will be needed to buy land and build a steel factory and ferry terminal.
The facilities will be operated by a subsidiary, PT Saipem Indonesia. The factory is expected to start operation in 2010 and its output will be exported to countries such as China, India and South Korea.
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