About GMF

International Maritime Industries (IMI), the largest full-service yard in the MENA region, has endorsed the newly launched Global Maritime Fund (GMF) that will offer innovative financing solutions to key customers and maritime companies around the world.

Managed by Pelagic Partners., GMF aims to become the world’s largest maritime fund to provide innovative financing solutions that are globally competitive, scalable, and fit for purpose to support IMI’s key regional and international customers and other companies operating in the Saudi maritime industry. GMF has the architecture to become a global leader by offering leasing solutions to customers of IMI, with up to 100% financing available across varying models and structures.

IMI provides newbuild and maintenance, repair and overhaul (MRO) services for commercial vessels including tankers, bulk
carriers, offshore support vessels, and offshore jackup rigs. The yard is rich with state-of-the-art technologies including artificial intelligence, biometrics, and the internet of things – all embedded into the yard’s infrastructure, offering customers a cutting-edge advantage in an era of digitalisation.

By using green products, materials, and renewable energy sources including solar and wind, IMI aims to set the standard for
sustainability in the global maritime industry, reducing carbon emissions and impact on marine life.

The yard is backed by shareholders Saudi Aramco, Hyundai Heavy Industries, Lamprell, and Bahri and provides customers and business partners with innovative lifecycle management offerings, high-quality products, efficient schedules and internationally competitive price.

Based in Cyprus, GMF has long-term offtake agreements with key customers such as Bahri and Saudi Aramco, and will raise capital through regional and international investors. It is expected to be managing assets worth up to $10 billion (SAR 37.6 billion) over the next 10 years.