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Saipem has signed a memorandum of understanding with UAE renewables company Plambeck Emirates for the development and construction of a floating wind farm offshore Saudi Arabia.
The project phases will commence in the coming weeks via Plambeck Saudi, a Plambeck company located in Riyadh.
Saipem will start operations after finalisation of the financial agreements at the end of the planning phase, following which the contract will be signed for Saipem to undertake the engineering, design, construction, and installation of the entire project and related services.