Mawani inks SAR 7 bln container terminals deal for Dammam port

Saudi Ports Authority (Mawani) signed a new build, operate and transfer (BOT) agreement worth more than SAR 7 billion with Saudi Global Ports (SGP) for container terminals at King Abdulaziz Port in Dammam.

The virtual signing ceremony was attended by Saleh Al-Jasser, Minister of Transport and Chairman of Mawani; Khaw Boon Wan, Coordinating Minister for Infrastructure and Minister for Transport of Singapore; Saad bin Alkhalb, President of Mawani; and Eng. Abdullah Al-Zamil, Chairman of SGP.

The 30-year contract will increase the capacity of container terminals at King Abdulaziz Port by more than 120% to reach 7.5 million, in addition to providing integrated solutions to operate them.

“The deal is considered a major step towards achieving the strategic objectives and development plan of Mawani by conceding some of its services in partnership with the Ministry of Transport and with the support of the National Center for Privatization,” Mawani said.

The contract will also provide more than 4,000 job opportunities in the Kingdom’s port and logistics sector.