Developers of a new shipyard in Saudi Arabia say the facility will be the largest maritime yard in the world providing a range of services, including large shipbuilding, large ship repair, offshore rigs fabrication and offshore support vessel repair. The new facility, a joint venture between state oil giant Saudi Aramco, the National Shipping Company of Saudi Arabia, Lamprell and Hyundai Heavy Industries, will be located in the eastern Saudi port of Ras Al-Khair, north of Jubail on the Persian Gulf. It is planned to be fully operational by 2021.