McDermott to Present at the Future Investment Initiative
October 19 2017 - 7:30AM
McDermott International, Inc. (NYSE:MDR) President and Chief
Executive Officer David Dickson is scheduled to speak on a panel at
the Future Investment Initiative in Riyadh, Saudi Arabia on October
26, 2017 at 9 a.m. Arabia Standard Time (1 a.m. Central time).
His Royal Highness Prince Mohammad bin Salman bin Abdulaziz
Al-Saud, Crown Prince, Chairman of the Public Investment Fund of
Saudi Arabia, will open the three-day conference on October 24.
McDermott will participate in the panel “Manufacturing 4.0:
Going Global and Staying Local,” discussing the opportunities to
bring large-scale manufacturing out of traditional industrial hubs
and closer to the localities where products are ultimately used.
McDermott recently signed two memorandums of understanding (MOUs)
with Saudi Aramco. One MOU is for a long-term land lease at the new
maritime facility in Ras Al Khair, Saudi Arabia to build a state of
the art fabrication center. The second MOU expands and develops the
Company’s physical and human capital within Saudi Arabia in support
of Aramco’s In-Kingdom Total Value Add initiative. Both
announcements highlight the importance McDermott places on
leadership, local presence, innovation and meeting or exceeding
local needs.
More than 2,500 attendees will discuss long-term investment and
global trends across a broad range of topics at the three-day
invitation-only event in support of Saudi Arabia’s Vision 2030, a
blueprint that charts the path for Saudi Arabia to harness its
strategic location and strong investment capabilities.
About the Company
McDermott is a leading provider of integrated engineering,
procurement, construction and installation (EPCI) services for
upstream field developments worldwide. The Company delivers fixed
and floating production facilities, pipelines and subsea systems
from concept to commissioning for complex offshore and subsea oil
and gas projects to help oil companies safely produce and transport
hydrocarbons. Our customers include national and major energy
companies. Operating in approximately 20 countries across the
world, our locally focused and globally integrated resources
include approximately 12,400 employees, a diversified fleet of
specialty marine construction vessels, fabrication facilities and
engineering offices. We are renowned for our extensive knowledge
and experience, technological advancements, performance records,
superior safety and commitment to deliver. McDermott has served the
energy industry since 1923. As used in this press release,
McDermott includes McDermott International, Inc. and its
subsidiaries and affiliates. To learn more, please visit our
website at www.mcdermott.com.
McDermott International, Inc.
Investor Relations Ty Lawrence Vice President,
Treasurer and Investor Relations +1 281.870.5147
tplawrence@mcdermott.com
Media Relations Adam Morgan Director, Global
Communications +1 281.253.9005 amorgan@mcdermott.com
Local Media RelationsBarbara KnightHead of
Communications, Middle East & Caspian+971 (0)4 804
3990
bbknight@mcdermott.com
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