Saudi Ports Authority (Mawani) has signed an agreement with Saudi Global Ports (SGP) for the construction and operation of container terminals at the King Abdulaziz Port in the city of Dammam, eastern region of Kingdom of Saudi Arabia.
The value of agreement is SAR 7 billion.
As part of the 30-year contract agreement, SGP will build, operate and transfer (BOT) the container terminals.
The port provides comprehensive operational services. It has modern handling equipment that enables the port to handle various types of cargo. It includes two advanced container terminals, one refrigerated cargo terminal, two general cargo terminals, two cement plants: one for exporting black cement and clinker and one for white cement, bulk grain terminal, Iron ore handling terminal, naval vessel manufacture area and gas and oil platform.
The port contains a ship repair facility that includes two floating ship docks to accommodate ships up to 215 meters long.
Upon assuming the responsibility of managing both container terminals, SGP will embark on a development and modernisation programme to transform King Abdulaziz Port into a mega container hub and increase the port’s capacity to an estimated annual handling capacity of 7.5 million 20-ft equivalent units (TEUs) when the planned expansion works are fully completed.
Under this agreement with SGP, Mawani will invest and develop key infrastructure such as berths and container handling equipment, and more than double the existing container handling capacity of King Abdulaziz Port in Dammam.
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