Hyundai Heavy Industries and CIMA agree to build first vessels in Peru | MEF | Mindef | | Peru

Industrial Services of the Navy (Sima Perú) and shipyard Hyundai Heavy Industries (South Korea) today signed an agreement for the co-production of four naval units.

“This agreement marks a historic milestone in the development of the naval sector of our country and region. This agreement proves our credibility as a safe country for investments,” said this afternoon the Minister of Economy and Finance (MEF), José Arista, who participated in the ceremony with President Tina Poluarte.

Economic stability, along with favorable policies for foreign investment, has positioned Peru as an attractive destination, Arista said, adding that the project will reach an investment of approximately US$1,000 million.

Arista pointed out that the work began with the build a little over a year ago MEF, Executive Committee for Naval Industry Development Thanks to the clear work of the public and private sectors, this led to the definition of clear objectives from the beginning.

read more: Hyundai, the world's largest shipyard, will build ships in Peru

The naval industry is a source of opportunities for the national industry and will generate thousands of direct and indirect jobs for various job specialties as it requires goods and services that can be provided by MSEs.

“We will strengthen mypes so that they participate with the necessary quality levels, and we work closely with the Ministry of Education so that universities and institutions provide the professional and technical jobs needed by the industry,” he noted.

He also noted that “there are more important events coming up in which Peru and Korea will participate in the repair and maintenance of ships.”

“The alliance between CIMA and Hyundai is a step forward in consolidating Peru as an important partner in the maritime sector internationally. It will strengthen Peru's naval industry and open up new development opportunities for our country,” he stressed.

What will be built

President Dina Boluarte said this is a historical fact after pointing out that the ships to be built at the SIMA Peru shipyards are a multi-purpose vessel, a maritime patrol vessel and two auxiliary logistics transport units. . and announced that they would be the first divisions of a large fleet to reinforce the fleet.

“Our sailors will have ships that will allow them to strengthen patrols to fight crime on the high seas, strengthen national security and provide assistance to Peruvians in case of emergencies,” said Polwart.

Growth opportunities

An agreement was signed between Sima Peru Y Hyundai Heavy Industries Represents a strategic partnership for the next 15 years. In that way, considering that Peruvian Navy Plans to build more than 20 ships to modernize its fleet, the order could represent billions of dollars in the coming years, an opportunity for regional expansion.

Since 1987, the South Korean company has received a total of 18 orders for ships overseas.

Before choosing the South Korean firm, Sima fielded interest from Peru's defense sector and major shipyards from various countries. To do this, he sent letters to consuls Germany, South Korea, Spain, France, Italy, Netherlands, United Kingdom and USA.

Topics that may interest you in Naval Industry: