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Saudi Industrial Investment (SIIG), announced on Sunday the shut down of its project, Saudi Chevron Phillips Company (SCP), for scheduled turnaround maintenance and catalyst replacement.
Maintenance is to start on 1st of November and shall last for 27 days.
Financial results for the fourth quarter of 2021 are expected to be affected, but can not be estimated due to the changing prices of the sold products, the company said in a filing.
RIYADH: Saudi Arabia’s national fleet grew 32 percent in 2025, making the Kingdom second among G20 countries in fleet expansion.
The surge reflects the rapid development of the nation’s maritime sector, driven by strategic regulatory reforms, increased investment, modernized legislation, and improved fleet efficiency.
The growth marks a substantial rise from the 6.4 percent recorded in early 2024, highlighting the sector’s accelerating year-on-year progress.
In a statement, the country’s Transport General Authority, or TGA, said the achievement aligns with the National Transport and Logistics Strategy, which aims to position Saudi Arabia as a global logistics hub.
The strategy focuses on strengthening the maritime sector’s role in supply chains, supporting the national economy, and boosting the efficiency of international trade through Saudi ports.
The TGA added that the progress underscores Saudi Arabia’s commitment to building a sustainable maritime ecosystem in line with global best practices, reinforcing the Kingdom’s strategic standing among leading nations in the sector.
