Saipem Taqa Al-Rushaid Fabricators Co. Ltd. (STAR) is a joint venture established in 2007 between Taqa AI-Rushaid for Marine Works Co. Ltd. (TAM) and Saipem International BV with respective ownership shares of 60% and 40%. Commencing activities in October 2008, STAR specializes in engineering design and construction of offshore platforms for Saudi Aramco at King Abdulaziz Port in Dammam. This pioneering endeavor signifies the first-of-its-kind fabrication of platforms for offshore oil and gas fields within the Kingdom of Saudi Arabia. The fabrication yard, located within a sheltered area of the port, boasts deep water access and currently holds a production capacity of 30,000 tons annually. STAR operates within the Construction and Maintenance industries. Despite no recent investment or disclosed investors, STAR's strategic positioning and operations present promising opportunities for industry-oriented investors seeking ventures within the construction and maintenance sectors.
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