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THE LATEST PRESS RELEASES ABOUT THE RIG. AND ITS DEVELOPMENT RELEASES

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Representatives of the Oil Park Development Company (OPDC), responsible for developing THE RIG. project, visited International Maritime Industries (IMI) to discuss the strategic partnership between the two companies. Under this partnership, IMI will supply ferries and additional services to support OPDC’s maritime operations with the aim of optimizing the visitor experience at THE RIG., the world's first offshore adventure tourism destination inspired by offshore oil platforms. 
 Led by OPDC CEO Raed Bakhrji, the delegation was met by Abdullah Al Ghamdi, CEO of IMI. The visit marks a formal commitment to develop the maritime logistics and infrastructure essential for seamless accessibility to THE RIG. 
 Harnessing IMI's expertise in shipbuilding, repair and offshore services, the collaboration aims to enhance efficiency and service standards. This strategic alliance between IMI and OPDC, a wholly owned, closed joint-stock company of Saudi Arabia’s Public Investment Fund (PIF), will support THE RIG. in reaching its operational goals, solidifying its position as a premier adventure tourism destination.
 Raed Bakhrji said, “Our collaboration with IMI will deliver a superior maritime experience at THE RIG. Their expertise will ensure smooth operations, enhancing the overall visitor journey. This initiative underscores our commitment to operational excellence and the establishment of a world-class adventure tourism destination that is aligned with Saudi Vision 2030 by fostering the growth of the Kingdom's vibrant maritime and tourism sectors.”
 Abdullah Al Ghamdi reiterated the significance of this partnership: “We are delighted to collaborate with OPDC’s visionary team as their selected provider of maritime services for THE RIG. Through this partnership, IMI is showcasing its dedication to ongoing expansion and advancement, leveraging our extensive experience as a premier global provider of maritime products and services. This collaboration empowers various sectors and entities to achieve their objectives and drive value for the national economy.”

Oil Park Development Company and International Maritime Industries forge strategic partnership to develop maritime operations at THE RIG.

OPDC and International Maritime Industries forge partnership

Oil Park Development Company (OPDC), a wholly owned closed joint stock company of the Public Investment Fund (PIF) responsible for developing THE RIG. project, has entered into a Memorandum of Understanding (MoU) with The Helicopter Company (THC), the Kingdom's leading commercial helicopter operator. This collaboration aims to provide a premium helicopter transport service for visitors traveling to and from THE RIG., the world's first offshore adventure tourism destination situated in the Arabian Gulf. 
 The agreement signifies a joint commitment to enhancing Saudi Arabia's tourism and entertainment offerings in line with Saudi Vision 2030, particularly focusing on improving transportation infrastructure and elevating the hospitality sector in the country.
 Raed Bakhrji, CEO of OPDC, and Captain Arnaud Martinez, CEO of THC, officially signed the MoU, marking the commencement of a strategic partnership centered on operational excellence and innovative visitor transportation. Under this partnership, THC will leverage its expertise to provide specialized helicopter services characterized by high standards of safety, comfort, and efficiency, thereby significantly enhancing the overall visitor experience.
 Raed Bakhrji highlighted the importance of the agreement, expressing, "Our strategic partnership with THC underscores our dedication to providing an exceptional visitor experience. Through the seamless incorporation of premium helicopter transport into THE RIG.'s services, we are not only improving accessibility but also enriching the Kingdom's vibrant tourism sector in alignment with Vision 2030."
 Captain Arnaud Martinez added, "We are thrilled to collaborate with OPDC on this groundbreaking project. This partnership is a testament to our commitment to delivering top-tier helicopter services that meet the highest standards of safety and quality. By integrating our helicopter services with THE RIG, we aim to contribute to the Kingdom's ambitious vision for the future. THC is determined to prove that everything is possible in aviation with the right partner.”

Oil Park Development Company (OPDC) and The Helicopter Company (THC) Forge Strategic Partnership to Enhance Visitor Transportation Services at THE RIG.

OPDC and The Helicopter Company (THC) Forge partnership

In a significant step towards supporting Saudi Arabia's Vision 2030 goals, the Oil Park Development Company (OPDC), fully owned by the Public Investment Fund (PIF) and responsible for developing THE RIG., has entered into an agreement with Tuwaiq Association for the Cadres Industry Humanity in the Eastern Province. This meaningful partnership is dedicated to advancing the “Tadafur” program, which focuses on elevating social development and workforce capabilities throughout the Kingdom.
 Signed by Raed Bakhrji, CEO of OPDC, and the Chairman of the Board of Tuwaiq, Khalid Ahmad AlObaid, the agreement includes areas of cooperation, including activating social responsibility, participating in achieving social investment goals in companies, increasing the participation of women, and enabling the integration of persons with disabilities into the labor force.
 Khalid AlObaid emphasized that the agreement aims to employ a significant number of young men and women from the Eastern Region registered in the job seekers database. This will be achieved by training and qualifying them in collaboration with partners in various training institutes and centres. These training programs cover several administrative and technical specialties that align with the labour market needs.
 On his part, Raed Bakhrji, stated: “We are keen to partner with Tuwaiq due to its excellence and professionalism in the field of Human Resources. Tuwaiq operates one of the outstanding localization programs that ensures sustainability for the nonprofit sector and contributes to development by enhancing human resources.”
 He added: "Our collaboration with Tuwaiq on the “Tadafur” program reflects our firm commitment to driving both social and economic development. This partnership not only improves the quality of life of citizens, but also promotes the localization of jobs and the empowerment of local talent. These initiatives are vital for creating new employment opportunities in the Eastern Province, in line with the ambitious goals of Vision 2030, and we are honoured to be part of this transformative journey."
 Both Khalid AlObaid and Raed Bakhrji expressed their gratitude to the Governor of the Eastern Region, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, and his Deputy, His Royal Highness Prince Saud bin Bander bin Abdulaziz, as well as to the Eastern Chamber of Commerce for hosting the signing of this agreement.

Oil Park Development Company and Tuwaiq Association for the Cadres Industry Humanity in the Eastern Province forge partnership to empower workforce and drive social investment

OPDC and Tuwaiq forge partnership

Oil Park Development Company (OPDC), a wholly owned subsidiary of the Public Investment Fund (PIF) of Saudi Arabia and the entity behind THE RIG., is proud to announce the appointment of three prominent executives to its leadership team. These strategic appointments mark a pivotal moment as THE RIG. propels forward in developing the world-first adventure tourism destination, inspired by offshore oil platforms, paying homage to Saudi Arabia's rich oil and gas heritage.
 Adel Alshabeeb assumes the role of Chief Commercial Officer, bringing with him a wealth of experience as a Saudi national adept at managing and leading a diverse portfolio of businesses and functions. With a career spanning over two decades, Adel has spearheaded growth initiatives in the Middle East and Asia, holding key positions such as Executive Director at The Industrialization Energy Services Company (TAQA) and Vice President at Schlumberger.
 Maurits Stichter joins as Chief Financial Officer, leveraging more than 25 years of experience in finance, compliance, and risk management specifically in civil and offshore construction businesses. Having held senior positions across Europe, Africa, and the Middle East, such as Chief Financial Officer at Saipem in Saudi Arabia.
 Mirko Gaudiosi steps into the role of Chief Development Officer, boasting over two decades of experience in project management within the oil and gas sector across 19 countries. He has a robust background in international EPCI, offshore, and Shipbuilding working for companies such as Seadrill, Ocean Rig, Saipem, and Fincantieri Cruise, where he held pivotal positions that involved overseeing complex operations and driving strategic growth.
 Raed Bakhrji, CEO of OPDC, expressed: “We are thrilled to have Adel, Maurits, and Mirko, join our executive team at this crucial juncture for THE RIG. Their wealth of experience and leadership in their respective fields will be instrumental as we progress toward our ambitious vision for this unique project. With their expertise, we are confident in our capacity to redefine adventure tourism and contribute to Saudi Arabia’s Vision 2030.”
 In their respective capacities, they will propel the next phase of THE RIG. forward through their core functions and skillsets, collaborating with the executive management team under the guidance of CEO, Raed Bakhrji, to bring to fruition the vision set out for this project.
 These appointments underscore OPDC's commitment to assembling a world-class team to drive the vision of THE RIG. forward and establish it as a pioneering destination that embodies the essence of Saudi Arabia's rich oil and gas heritage.

OPDC Enhances Leadership Team with Strategic Appointments for THE RIG. Project

Adel Alshabeeb, Maurits Stichter, and Mirko Gaudiosi Appointed to key Executive Roles

The Oil Park Development Company (OPDC), a closed joint-stock entity wholly-owned by the Public Investment Fund (PIF) entrusted with spearheading the development of THE RIG., took center stage as a platinum sponsor of the sixth edition of the Future Projects Forum (FPF) organized by the Saudi Contractors Authority (SCA). Held at the Four Seasons Hotel in Riyadh from May 21-22, 2024, the forum serves as an interactive platform between contractors, interested parties and private and public project owners aiming to provide local contractors with the opportunity to access the details of these projects, the requirements of project owners and the mechanism for applying for projects.
 Raed Bakhrji, the CEO of OPDC, participated in the event, utilizing key networking opportunities to advance THE RIG.'s development and strategic goals. The main emphasis was on involving local contractors in the development of THE RIG.’s onshore terminals and marina.
 Raed Bakhrji, CEO of OPDC, "Our participation in FPF marks a strategic step towards fulfilling the Kingdom's Vision 2030 objectives and our commitment to enriching the local content and bolstering the economy by fostering an ecosystem of growth and development within Saudi Arabia's Eastern Province and creating significant opportunities for local businesses and workforce development.”
 In addition to engaging with local contractors, OPDC formalized two strategic Memorandums of Understandings with Saudi Contractors Authority (SCA) and the Maritime Company for Navigation (MACNA). Bakhrji signed both MOUs with Abdulmajid Al Roshoudi, General Secretary of SCA and Alan Rowan, the CEO of MACNA.
 The partnership with SCA will involve evaluating qualified contractors according to agreed-upon technical criteria, assessing contractor workloads, and analyzing their technical capacity for project participation. The partnership with MACNA is geared towards improving maritime operations by harnessing MACNA's specialized expertise to enhance efficiency and service standards at THE RIG.'s new terminals and marinas.
 Bakhrji underlined the importance of these collaborative partnerships, stating, "By engaging with local contractors and solidifying agreements with SCA and MACNA, we have taken significant steps taken towards realizing our vision for THE RIG. By integrating local content and global standards into our infrastructure development and operational framework, we aim to ensure that the project’s impact reverberates throughout the Saudi economy. These partnerships bring us closer to establishing THE RIG. as a cutting-edge offshore adventure tourism destination that aligns with the goals of Saudi Vision 2030. We actively promote collaboration with local contractors to bring THE RIG. to fruition and extend an invitation to all interested local entities to explore opportunities for working together towards a prosperous future."
 Rowan added, "Our collaboration with OPDC on THE RIG. project is a testament to our commitment to enhancing maritime operations and setting new standards for service efficiency. This partnership is not just about infrastructure but also about contributing to the broader economic and social goals of Vision 2030.
 Located 40 kilometers from the Arabian Gulf coastline, THE RIG. is set to transform the Eastern Province into a hub of thrill, leisure, and cultural immersion. It will feature three hotels, 11 restaurants, over 70 attractions, a 6,000-person multi-purpose arena, an amusement park, a splash park, and more. Whether an extreme sports enthusiast or someone seeking a more relaxed experience, THE RIG. will cater to visitors of all ages and adventure levels.

OPDC Sponsors Future Projects Forum, Strengthens Partnerships for THE RIG. Development

Oil Park Development Company Shows Commitment to Vision 2030 and Local Partnerships

OPDC Sponsors Future Projects Forum

Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz, the Governor of Saudi Arabia’s Eastern Province, the Eastern Province Municipality has today signed a Memorandum of Understanding (MOU) with the Oil Park Development Company (OPDC) - the company responsible for developing THE RIG. - at the Emirate's premises, signaling a new era of collaboration and progress in the region.
 Under the careful oversight of His Royal Highness, and in the presence of Husameddin AlMadani, Managing Director of OPDC, the esteemed Mayor of the Eastern Province, His Excellency Fahad bin Mohammed Al-Jubeir and Eng. Raed Bakhrji, CEO of OPDC signed the MOU aimed at strengthening cooperation between the two entities. The agreement focuses on several areas of collaboration, including exchanging information and studies to enhance THE RIG.’s visitor experience and increase the Eastern Province’s attractiveness to tourists
 His Royal Highness emphasized the transformative potential of THE RIG., noting: "THE RIG. will be a catalyst for the growth across essential sectors, including tourism, transportation, and commerce, which will in turn enhance the quality of life for residents and strengthen the Eastern Province’s economy."
 Raed Bakhrji, the CEO of OPDC, emphasized the importance of the Eastern Province Municipality's support for THE RIG., saying: “Our collaboration with the Eastern Province Municipality will contribute to achieving strategic and operational integration that will enhance the quality and distinction of our project." He added: "THE RIG. draws its inspiration from Vision 2030 and its initiatives to develop the tourism sector, and it is expected to be one of the leading adventure tourism destinations aiming to attract more than 900,000 visitors annually by 2032. Signing the MOU with the Eastern Province Municipality is a crucial step in achieving the project's goals, which will in turn contribute to enhancing the activities of local businesses and creating job opportunities in the region."
 Husameddin AlMadani, Managing Director of OPDC, highlighted the project's significance in contributing to the tourism sector, while celebrating the Kingdom's rich heritage in the oil and gas industry, stating: "THE RIG. is the world’s first tourism destination on an offshore platform inspired by the design of offshore oil platforms. The development of this project aligns with the goals of Vision 2030, aiming to elevate the Kingdom's international standing in the tourism industry."

Under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz The Eastern Province Municipality and Oil Park Development Company sign MOU to Drive Collaboration and Prosperity

Under the Patronage of HRH Governor of Eastern Province, The Eastern Province Municipality and OPDC sign an MOU

Today, Oil Park Development Company (OPDC), a wholly owned subsidiary of the Public Investment Fund (PIF) of Saudi Arabia and the entity behind THE RIG., and the Saudi Facility Management Company (FMTECH) have officially entered into a Memorandum of Understanding.
 This partnership, signed by Oil Park Development Company’s CEO, Raed Bakhrji and FMTECH's CEO, Adel Ibrahim Alroeshedy, will play a pivotal role in shaping the strategy for facilities, property, and asset management services at THE RIG. The agreement aims to align THE RIG.'s operational service needs with top-tier facilities and asset management practices.
 Raed Bakhrji emphasized that the collaboration with FMTECH underscores THE RIG.'s dedication to improving operational efficiency and safety. Bakhrji further stated, "Through this partnership, we strive to ensure that our facilities are designed, equipped, and maintained to best support their intended operational requirements, while also being adaptable to future needs or changes."
 Adel Alroeshedy expressed, "Being involved in an ambitious project like THE RIG. enables us to collaborate on many areas that will help incorporate state-of-the-art technologies in facility and asset management. FMTECH is committed in offering expert guidance on best practices for addressing diverse challenges and providing innovative solutions related to the maintenance and management of project facilities, as well as accessibility, visitor experience, and safety."

THE RIG. and the Saudi Facility Management Company (FMTECH) Forge Partnership for Facility, Property, and Asset Management

THE RIG. and the Saudi Facility Management Company (FMTECH) Forge Partnership

A Memorandum of Cooperation was signed today between THE RIG. and Saudia, the national flag carrier of Saudi Arabia, to explore mutually beneficial areas of collaboration and further empower the travel and tourism industry.
 The Memorandum of Cooperation was signed by Engineer Raed Bakhrji, CEO of THE RIG., and Ibrahim Salman Koshy, CEO of Saudia in Riyadh.
 The agreement will enable THE RIG. and Saudia to explore initiatives that will increase visitor traffic to the Eastern province and promote the visitor experience at THE RIG. It will also explore opportunities with new transportation methods, such as eVTOL and carbon reduction initiatives, supporting the sustainability commitments of both companies.
 Raed Bakhrji stated: "THE RIG. draws inspiration from Vision 2030 and its initiatives to develop the tourism sector. It is expected to be one of the leading adventure tourism projects, offering visitors an unparalleled mix of adventure experiences. Our collaboration with Saudia is expected to enhance the quality and uniqueness of our offerings, providing visitors with a wide range of easy access options to this distinctive tourist destination.”
 Captain Ibrahim Koshy said: “At Saudia, we are deeply committed to fulfilling our role as the ‘Wings of Vision 2030’ to accomplish our goals in line with the Kingdom’s tourism strategy, which is to bring around 150 million visitors to Saudi Arabia by 2030. This collaboration holds great promises for the travel and tourism industry. Along with our partners, we look forward to leveraging our combined expertise to drive innovation and sustainable growth in the sector.”

THE RIG. Partners with Saudia to Elevate Travel and Tourism Industry

Oil Park Development Company (OPDC), a wholly owned subsidiary of the Public Investment Fund (PIF) of Saudi Arabia and the entity behind THE RIG., has formally entered into a memorandum of understanding with the National Center for Wildlife. The agreement aims to bolster collaboration in wildlife conservation efforts and to mutually achieve their respective objectives.
 The signing ceremony took place at the National Center for Wildlife's headquarters in Riyadh, with Raed Bakhrji, CEO of Oil Park Development Company (OPDC), and Dr. Mohamed Qurban, CEO of the National Center for Wildlife, officially sealing the agreement.
 The agreement will support THE RIG. in its efforts to maximize positive environmental impact, empower communities, facilitate eco-experiences, and operate responsibly through initiatives such as:
 
<ul>
<li>Assisting in the protection and restoration of the natural assets near THE RIG., such as Juraid Island and its pristine flora and fauna.</li>
<li>Collaborating on environmental projects to ensure adherence to responsible and compliant practices.</li>
<li>Providing technical consultations and research support in mutually relevant fields.</li>
</ul>
 Raed Bakhrji stated, “Today, we are delighted to have signed this memorandum of understanding, which reflects the commitment of both parties to conserving wildlife, ensuring sustainability and prosperity. This will be achieved through an integrated framework system, the exchange of benefits, unified efforts, alignment of plans with common goals, sharing of experiences, consultations, and studies, as well as the promotion of social environmental responsibility.”
 Bakhrji further affirmed, “We are dedicated to the environmental sustainability standards in our project, with a focus on safeguarding natural resources and promoting the development of wildlife as key priorities. This is in line with the Kingdom’s environmental development initiatives.” adding, “This memorandum of understanding will enhance our partnership with the National Center for Wildlife, as we work to instill the principles of environmental sustainability in the area surrounding THE RIG. through our commitment to environmental protection and development.”
 Dr. Mohammed Qurban stated, "This memorandum of understanding establishes an organizational framework for cooperation with the Oil Park Development Company (OPDC) in the conservation and sustainability of wildlife within the area of THE RIG. project. This aligns with the Center's dedication to preserving ecosystems, conserving and enhancing biodiversity in accordance with the National Environmental Strategy, the Saudi Green Initiative, and the objectives of Vision 2030."
 Dr. Mohammed Qurban further remarked, "This memorandum of understanding demonstrates our commitment to improving environmental performance, equilibrium, and efficiency in accordance with global best practices, to further the Center's vision of establishing thriving and enduring ecosystems. This aligns with our dedication to advocating sustainable management approaches for ecosystems and maximizing their economic and social impact."

THE RIG. Asserts Commitment to Wildlife Conservation and Environmental Sustainability through Partnership with National Center for Wildlife

Memorandum of Understanding sets stage for collaborative efforts to protect wildlife and promote sustainable practices.

THE RIG. Asserts Commitment to Wildlife Conservation

<ul>
<li>THE RIG. is a world-first adventure tourism destination to be built on an offshore platform in the Arabian Gulf</li>
<li>THE RIG. will redefine the sea sports and leisure experience while celebrating the legacy of Saudi Arabia’s rich oil and gas heritage</li>
<li>This project will be developed by the Oil Park Development Company (OPDC)</li>
</ul>
 
THE RIG., one of Public Investment Fund’s (PIF) entertainment projects, announced today the launch of its Masterplan, an ambitious and unprecedented vision for tourism that will redefine adventure tourism.
 The project is in line with PIF’s strategy and the Kingdom's Vision 2030 objectives of contributing to the growth of the tourism sector, directly and indirectly contributing to employment opportunities, and diversifying the economy.
 THE RIG. is inspired by the design of offshore oil platforms, to celebrate the legacy and heritage of Saudi Arabia's long oil and gas history. The unique hospitality and adventure experience will span a gross floor area of over 300,000 square meters, located 40km from the coastline, near Al Juraid Island and Berri Oil Field in the Arabian Gulf.
 THE RIG. will seek to attract over 900,000 annual visitors by 2032, appealing to a wide range of domestic, regional and international audiences, including adrenaline seekers, explorers, balanced holiday makers, and relaxation seekers. 
 The range of hospitality, leisure, entertainment and accommodation options provided by THE RIG. include three hotels totaling 800 rooms, along with 11 restaurants, an extreme sports & adventure park, a world-class marina, and helipads.
 THE RIG. will feature a wide variety of water activities, including a diving center, in addition to an amusement park, splash park, an E-sports center, an immersive theater and multipurpose arena. THE RIG. will also celebrate the Kingdom's rich oil and gas heritage by creating an exceptional and unique experience, making it a must-visit destination.
 The project will be developed by the Oil Park Development Company (OPDC) under the direction of its CEO, Raed N. Bakhrji, who brings more than 20 years of experience in the oil & gas industry and a passion for the future of adventure tourism.

Masterplan Revealed For THE RIG.

A World-First Adventure Tourism Destination

Masterplan Revealed For THE RIG.

The agreement which awards THE RIG. several advertising and marketing rights, will play its part in promoting sports participation in the Kingdom of Saudi Arabia, while helping inspiring new generations of sports talent, contributing to the aims of Saudi Arabia’s Vision 2030.
 "THE RIG. Chief Executive Officer (CEO) Raed Bakhrji expressed his delight in finalising the sponsorship agreement with Al-Hilal, labelling it as a successful start for future commercial partnerships between THE RIG. and various prominent organisations in the Kingdom."
 He added: "I would like to start by congratulating Al-Hilal’s massive fanbase on the signing of this sponsorship agreement. We are confident it will contribute to the club's aspirations in securing titles and competing at the highest levels nationally and internationally, reflecting THE RIG.’s goals in benefiting the Kingdom’s growing sports and tourism sectors."
 Sultan Al-Sheikh, CEO of Al-Hilal Club Investment Company, expressed his happiness with the sponsorship agreement with "THE RIG.", stating that it will contribute to the club's journey towards achieving its investment and sports aspirations by integrating with multiple sectors whose goals align in supporting Saudi Vision 2030. He also mentioned that the sponsorship will benefit "THE RIG." with greater promotion, locally and internationally, by leveraging the popularity of Al-Hilal 
 The leading football champion, Al-Hilal Saudi Club has won 66 championships since its founding in 1957. It is the Asian club with the highest number of FIFA Club World Cup qualification and holds the highest number of Club World Cup participations. 
 Inspired by the Kingdom’s oil and gas heritage, THE RIG. project is the world’s first tourism destination on an offshore platform inspired by the design of offshore oil platforms. The project aims to become one of the most prominent adventure tourism projects in the world, offering visitors thrilling activities and daring adventures above and below the sea, on top of unique experiences in hospitality and entertainment.

Three Years Sponsorship with Al Hilal SFC

THE RIG. project, one of Public Investment Fund’s (PIF) entertainment projects, has signed a three-year sponsorship agreement with Al-Hilal Saudi Football Club starting from the 2023/2024 season.

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