MAKEEN
MAKEEN is a Saudi Arabia-based joint venture between Saudi Aramco, HD Hyundai, and Dussur that manufactures licensed marine and land-based engines (Everllence 2-stroke, Hyundai HiMSEN, mtu 4-stroke) and provides OEM-certified MRO services and authorized distribution for marine equipment in the Kingdom.
- Company typePrivate
- Founded2021
- HeadquartersDhahran, Saudi Arabia
- Headcount—
- GTM typeB2B
- OfferingHardware or Manufacturing
What MAKEEN does
MAKEEN, formally Saudi Engines Manufacturing Company, is a strategic joint venture between Saudi Aramco, HD Hyundai, and Dussur (Saudi Arabian Industrial Investments Company) headquartered in Dhahran with a state-of-the-art manufacturing facility at Ras Al-Khair Industrial City in the Eastern Province of Saudi Arabia. Founded in 2021, the company is positioned as the first and only manufacturer and service provider of marine and land-based engines in the MENA region. It operates under three core technology licenses: Everllence B&W 2-stroke low-speed engines (sub-licensed via HD Hyundai), Hyundai HiMSEN 4-stroke medium-speed engines including dual-fuel variants, and Rolls-Royce Power Systems mtu 4-stroke high-speed engines. The product portfolio also includes ZF marine gearboxes, Kongsberg Kamewa waterjets, DESMI pumping systems, and a state-of-the-art MRO service center in Dammam with OEM-certified engineers, advanced diagnostics, mobile service units, and QL4 overhaul capabilities.
MAKEEN generates revenue across four streams: engine manufacturing under license (hardware sales), MRO services (professional services) covering mtu engines and ZF gearboxes, spare parts supply for MTU and related equipment, and authorized distribution of marine equipment including ZF gearboxes, Kongsberg waterjets, and DESMI pumps across Saudi Arabia. Its go-to-market is exclusively B2B enterprise field sales using a Request a Quote model, supported by participation in major Saudi industry exhibitions (IKTVA, Saudi Maritime & Logistics Congress, World Defense Show) and an active LinkedIn presence. Its primary customer segments are the maritime sector (commercial vessels, tankers, LNG carriers, naval vessels), land-based power generation and industrial (power plants, offshore platforms, data centers, emergency power), and rail (SAR fleet, Stadler vehicles). Named enterprise customers include International Maritime Industries (IMI), Saudi Railway Company (SAR), Jeddah Airport, and HD Hyundai on the Saudi naval frigate program.
The business is anchored by an Aramco-led shareholder structure that aligns MAKEEN directly with Saudi Vision 2030 industrial localization objectives. Operating geographies are currently limited to Saudi Arabia serving the broader MENA market, with all executive headquarters, manufacturing, and service operations inside the Kingdom.
MAKEEN firmographics
Firmographics- Name
- MAKEEN
- Legal name
- Saudi Engines Manufacturing Company
- Website
- https://makeen-ksa.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Short description
- MAKEEN is a Saudi Arabia-based joint venture between Saudi Aramco, HD Hyundai, and Dussur that manufactures licensed marine and land-based engines (Everllence 2-stroke, Hyundai HiMSEN, mtu 4-stroke) and provides OEM-certified MRO services and authorized distribution for marine equipment in the Kingdom.
- Ownership category
- akta.pro rank
MAKEEN industry classification
Industry- Product category
- Marine and Industrial Engine Manufacturing
- NAICS
- Engine, Turbine, and Power Transmission Equipment Manufacturing (33361), Other Engine Equipment Manufacturing (333618)
- SIC
- Engines & Turbines (3510)
- akta.pro primary industry
- Internal Combustion Engine (ICE) Manufacturing (Gasoline/Diesel) (IMACAHAA)
- akta.pro secondary industries
- Engine Components & Subsystems Manufacturing (Blocks/Heads/Valvetrain/Pistons) (IMACAHAB), Cooling, Lubrication & Air Induction Component Rebuild/Remanufacturing (Oil pumps, water pumps, EGR) (TLAKALAK)
Keywords
Where MAKEEN is headquartered
LocationHeadquarters
- HQ city
- Dhahran
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices3 records
Markets served
MAKEEN business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Engine Manufacturing: MAKEEN manufactures engines under license from Everllence (2-stroke low-speed), HD Hyundai (HiMSEN 4-stroke medium-speed), and Rolls-Royce Power Systems (mtu 4-stroke high-speed). Manufacturing occurs at the Ras Al-Khair facility in Saudi Arabia.
- MRO Services: Comprehensive Maintenance, Repair, and Overhaul services for MTU engines, ZF gearboxes, and other marine equipment. Includes on-site support, full workshop overhauls, and advanced diagnostics. QL4-level capabilities for major engine overhauls.
- Spare Parts Supply: Distribution of genuine spare parts for MTU engines, ZF gearboxes, and other supported equipment. Authorized distributor for mtu products and parts in Saudi Arabia.
- Equipment Distribution: Authorized seller and distributor of Everllence 2-stroke engines, HiMSEN 4-stroke medium-speed engines, mtu products, ZF marine gearboxes, Kongsberg waterjets, and DESMI pumping systems throughout Saudi Arabia.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
MAKEEN product offering
Product offeringCore offering
MAKEEN manufactures diesel and dual-fuel engines (2-stroke low-speed, 4-stroke medium-speed, and 4-stroke high-speed) under license from Everllence, HD Hyundai (HiMSEN), and Rolls-Royce Power Systems (mtu) at its Ras Al-Khair facility in Saudi Arabia for marine and land-based applications. The company also provides comprehensive Maintenance, Repair, and Overhaul (MRO) services with QL4-level overhaul capabilities and serves as an authorized distributor for ZF marine gearboxes, Kongsberg waterjets, and DESMI pumping systems across Saudi Arabia.
Product overview
MAKEEN is a Saudi-based manufacturer and service provider offering a comprehensive portfolio of marine and land-based engine products alongside maintenance services. The product line centers on three licensed engine brands: Everllence 2-stroke low-speed engines for large commercial vessels, HYUNDAI HiMSEN 4-stroke medium-speed engines for commercial and power generation applications, and MTU 4-stroke high-speed engines for marine, defense, and rail sectors. Supporting the engine portfolio are complementary propulsion products including ZF marine gearboxes and Kongsberg Maritime Kamewa waterjets, plus DESMI pumping systems for fluid transport applications. Services include comprehensive MRO capabilities with OEM-certified maintenance, repair, and overhaul services for engines and gearboxes across Saudi Arabia.
Differentiator
Problem solved
Functional benefit
Products and services
- Everllence 2-Stroke Low-Speed Engines
Quantifiable outcome
- First and only engine manufacturer and service provider in MENA region
- +2 more outcomes
Companies that use MAKEEN
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles4 records
MAKEEN technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
MAKEEN partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and major.
- HD Hyundai Heavy IndustriescoreHD Hyundai Heavy Industries signed MoU for cooperation in the Saudi naval ship project at the Makeen engine factory in Ras Al Khair. The agreement aims to jointly localize engines and establish a supply chain for Saudi Arabia's next-generation frigate project. HD Hyundai is responsible for frigate design and engine technology development while MAKEEN provides local infrastructure, production facilities, and workforce. This partnership marks expansion of HD Hyundai's cooperation with Saudi Arabia from commercial sector into defense sector.
- International Maritime Industries (IMI)majorMAKEEN signed first purchase orders with IMI to supply marine engines and equipment for four 63,000 DWT bulk carriers. Agreement finalized in Ras Al Khair, representing a major leap forward for MAKEEN in localizing advanced marine propulsion technology.
- StadlermajorMoU signed to strengthen cooperation in diesel engine maintenance and lifecycle support for Stadler Rail vehicles operating in Saudi Arabia. Partnership focuses on developing maintenance protocols, establishing local service facilities, implementing specialized training programs, and transferring technical knowledge.
- MTU Rolls-Royce SolutionscoreStrategic expansion of exclusive distributorship agreement to include stationary power applications across Saudi Arabia, effective October 1, 2025. Extension provides access to genuine MTU spare parts, factory-certified MRO services, comprehensive technical support, and integrated power solutions.
- ZF Services Middle EastmajorMAKEEN appointed as authorized service partner in Saudi Arabia for ZF marine gearbox series including ZF 2000, ZF 3000, ZF 5000, and ZF 9000. Partnership provides comprehensive after-sales services, spare parts supply, and technical support for systems in operation across the Kingdom.
- DESMImajorDistribution agreement signed for DESMI's advanced pumping systems and solutions within Saudi Arabia. Collaboration strengthens MAKEEN's product offerings and lays groundwork for potential future manufacturing of DESMI marine products in the Kingdom.
- Saudi Railway Company (SAR)majorMoU signed for engine supply and service partnership. Covers supply and maintenance of mtu engines, after-sales services, spare parts supply for new and existing mtu engines in SAR fleet. Both parties to explore long-term maintenance agreements for operational efficiency.
- Kongsberg MaritimemajorMoU signed to localize waterjets in Saudi Arabia. Partnership aims to enable local assembly and manufacturing and streamline future distribution of Kongsberg Maritime waterjets in the Kingdom. Includes establishment of training function for Kongsberg Maritime Waterjets.
- DESMImajorMoU signed for collaboration on distribution, localization, and after-sales services of DESMI's pumps, pumping solutions, environmental solutions, and other products throughout Saudi Arabia. Agreement supports technology transfer, market expansion, and building sustainable national workforce.
- HD Hyundai Heavy IndustriescoreLicense agreement signed for local production of HiMSEN dual-fuel engines at MAKEEN's facility in Ras Al-Khair, Saudi Arabia. The agreement enables MAKEEN to manufacture HD Hyundai's advanced HiMSEN dual-fuel engines, supporting Saudi Arabia's vision for a more sustainable and technologically advanced industrial sector.
- Rolls-Royce Power SystemscoreFramework License Agreement signed to manufacture, test, sell, and service mtu engines and gensets in Saudi Arabia. This breakthrough deal marks a significant milestone for industrial development of Saudi Arabia's rapidly growing marine and off-grid power generation sectors.
- Saudi AramcocoreSaudi Aramco is one of three strategic shareholders in MAKEEN, bringing expertise in oil, gas, and power sectors along with extensive market networks and industry-leading technological advancements. As a global energy powerhouse, this partnership provides MAKEEN with access to Aramco's extensive market networks, energy infrastructure, and industry-leading technological advancements.
- Dussur (Saudi Arabian Industrial Investments Company)coreDussur is a major player in industrial development and manufacturing in Saudi Arabia, focusing on high-value industrial projects. Dussur's role strengthens MAKEEN's capabilities in local market development, supply chain management, and growth within the regional market.
Scale indicators5 records
Recent moves12 records
Expansion highlights6 records
MAKEEN competitors and assessment
Company assessmentOthers
- ZF Friedrichshafen (Marine): MAKEEN's authorized service partner for ZF marine gearboxes. Major global supplier of marine drivetrain technology and MAKEEN's complement in the marine propulsion value chain — closely linked commercially as licensor-partner rather than direct competitor.
- Kongsberg Maritime: MAKEEN's authorized distributor and localization partner for Kongsberg waterjets. Norwegian marine technology supplier providing propulsion and vessel systems — partnership-based relationship rather than direct competition.
Direct peers
- Wärtsilä: Finland-based global manufacturer of marine engines and power plants, including 2-stroke and 4-stroke engines with full lifecycle services. Highly comparable to MAKEEN across marine propulsion and power generation, though operating globally rather than regionally.
- Cummins: US-based global manufacturer of diesel and alternative fuel engines for marine, rail, power generation, and industrial applications. Comparable business model combining engine manufacturing with global distribution and aftermarket service.
- Doosan Enerbility: Korean manufacturer of engines and power generation equipment, including marine engines. Operates a similar license-based manufacturing and service model to MAKEEN and serves comparable marine and power generation end markets.
- Rolls-Royce Power Systems (MTU): Rolls-Royce subsidiary and MAKEEN's licensor for 4-stroke high-speed engines and gensets. Manufactures mtu engines for marine, defense, rail, and stationary power — closely overlapping with MAKEEN's product range and target applications.
- Yanmar: Japanese manufacturer of marine and industrial diesel engines with strong presence in Asia and emerging markets. Comparable product range and similar licensee-style partnerships for technology localization.
- MAN Energy Solutions (Everllence): Licensor of the Everllence 2-stroke low-speed engine technology that MAKEEN manufactures under sublicense. Global leader in large marine engines with deep service network — represents MAKEEN's upstream technology partner and closest direct comparable in marine engine manufacturing.
Broad incumbents
- Caterpillar Marine Power: Global manufacturer of marine and industrial diesel engines under the Cat and MaK brands, with extensive global service network. Larger and more diversified than MAKEEN, but directly competes in marine propulsion and power generation engine markets.
- HD Hyundai Heavy Industries: MAKEEN's joint venture partner and licensor for HiMSEN engines. Korea-based global shipbuilder and engine manufacturer that supplies marine engines and integrated shipbuilding solutions — broader portfolio than MAKEEN but directly overlapping in marine engine manufacturing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
MAKEEN social profiles
Digital presenceMAKEEN financial estimates
Financial estimateRevenue estimate
Valuation estimate
MAKEEN leadership team
Management profileNumber of profiles
Profiles14 records
MAKEEN funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MAKEEN M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MAKEEN
What does MAKEEN do?
MAKEEN manufactures diesel and dual-fuel engines (2-stroke low-speed, 4-stroke medium-speed, and 4-stroke high-speed) under license from Everllence, HD Hyundai (HiMSEN), and Rolls-Royce Power Systems (mtu) at its Ras Al-Khair facility in Saudi Arabia for marine and land-based applications. The company also provides comprehensive Maintenance, Repair, and Overhaul (MRO) services with QL4-level overhaul capabilities and serves as an authorized distributor for ZF marine gearboxes, Kongsberg waterjets, and DESMI pumping systems across Saudi Arabia.
Is MAKEEN a public or private company?
MAKEEN is a private company. It is classified as corporate owned and is currently operating.
When was MAKEEN founded?
MAKEEN was founded in 2021.
Where is MAKEEN based?
MAKEEN is headquartered in Dhahran, Saudi Arabia, in the Middle East region.
How does MAKEEN make money?
Four revenue lines are on record. Engine Manufacturing is the primary driver. The others are MRO Services, spare Parts Supply and equipment Distribution.
Who are MAKEEN's main competitors?
Others on record are ZF Friedrichshafen (Marine) and Kongsberg Maritime. Direct peers are Wärtsilä, Cummins, Doosan Enerbility, Rolls-Royce Power Systems (MTU), Yanmar and MAN Energy Solutions (Everllence). Broad incumbents are Caterpillar Marine Power and HD Hyundai Heavy Industries.
Does MAKEEN have an API?
No public API is recorded for MAKEEN.
What industry is MAKEEN in?
MAKEEN's product category is Marine and Industrial Engine Manufacturing. Its primary akta.pro industry code is IMACAHAA, Internal Combustion Engine (ICE) Manufacturing (Gasoline/Diesel), with a secondary code of IMACAHAB, Engine Components & Subsystems Manufacturing (Blocks/Heads/Valvetrain/Pistons). Its NAICS code is 33361 and its SIC code is 3510.