Retail
Subscription
Advertise
  • Home
    • About Us
  • News
  • Transport
    • Air Cargo
    • Airlines
    • Maritime
    • Rail
    • Road
  • Ports
    • Airports
  • Materials Handling
    • Warehousing
  • Vehicles
    • Automobiles
    • Autonomous
    • Commercial
    • Construction
    • Truck & Fleet
  • E-commerce
  • Technology
    • Blockchain
    • IoT
    • Robotics
    • Telematics
  • Interviews
    • Analyses
    • Opinion
    • Outlook
    • View Point
  • Express Deliveries
  • Freight
  • FM
    • Waste Management
  • Expo 2020
  • Events
    • LILS KSA Summit 2023
    • LILA UAE Awards 2022
No Result
View All Result
LogisticsGulfNews.com
No Result
View All Result

King Abdulaziz Port launches Container Terminal Development Project

by Anthony Fonseca
March 23, 2023
in Ports

The project is expected to raise the Port’s overall capacity by 120% to 7.5mn TEUs

King Abdulaziz Port
Mawani [Supplied Image]

The Saudi Ports Authority (Mawani) recently announced the laying of the foundation stone for upgrading and developing two container terminals at King Abdulaziz Port in Dammam under the Build-Operate-Transfer (BOT) concession signed with Saudi Global Ports (SGP) valued at over SAR 7bn (US$ 1.865bn).

The launch ceremony was attended by HE Omar Hariri, President, Mawani, and Eng. Abdullah Al-Zamil, Chairman, SGP, alongside senior logistics and maritime executives.

The concession will work on refurbishing berths and facilities across the Port’s first container terminal besides expanding berths and overhauling the container yard within the second container terminal to enable the Arabian Gulf hub to handle giant containerships.

The development works will also add a custom-built sandbox to test cutting-edge technologies and conceptualize new processes before going online.

Apart from generating over 4,000 jobs in the local economy, the project is expected to raise the Port’s overall capacity by 120% to 7.5 million TEUs and strengthen the nation’s supply chains, boost its foreign trade, and improve the Kingdom’s rank in global indices.

As part of its long-term developmental strategy to deploy 160 high-impact projects at a total cost of over SAR 4bn (US$ 1.07bn), Mawani is keen on partnering with leading industry players to transform Saudi ports into engines of growth and investment in the shipping and transportation sectors.

2022 represented a monumental year for King Abdulaziz Port in Dammam and its operator SGP with record-breaking annual performances across various indicators yielding the Port’s highest container throughput in its history at over two million TEUs.

Want to stay updated on the latest industry news and trends? Subscribe today to receive your monthly news highlights directly in your inbox!

Tags: Container Terminal DevelopmentExpansionKing Abdulaziz PortNews
ShareTweetShareSend

Related Posts

Dammam added to the MSC’s India-South Africa service
Ports

Dammam added to the MSC’s India-South Africa service

May 26, 2023
Jeddah Islamic Port Posts 25% Spike in April Container Throughput
Ports

Jeddah Islamic Port Posts 25% Spike in April Container Throughput

May 25, 2023
King Abdulaziz Port
Ports

King Abdulaziz Port Breaks Container Handling Record

April 13, 2023
Hutchison Ports
Ports

Hutchison Ports Announces US$700 Million Investment in Egyptian Port Projects

March 22, 2023
Please login to join discussion

Search

No Result
View All Result

Recent News

Bridging Gaps in the Pre-owned Car Industry in the UAE

Bridging Gaps in the Pre-owned Car Industry in the UAE

May 29, 2023
Dammam added to the MSC’s India-South Africa service

Dammam added to the MSC’s India-South Africa service

May 26, 2023
Jeddah Islamic Port Posts 25% Spike in April Container Throughput

Jeddah Islamic Port Posts 25% Spike in April Container Throughput

May 25, 2023

LogisticsGulfNews.com, the niche media portal designed for the industry, is deeply committed to representing, serving and promoting the interests of the logistics and supply chain businesses in the region

Recent News

  • Bridging Gaps in the Pre-owned Car Industry in the UAE
  • Dammam added to the MSC’s India-South Africa service
  • Jeddah Islamic Port Posts 25% Spike in April Container Throughput

Contact Us

For Editorial Opportunities
editor@logisticsgulfnews.com

For Advertising Opportunities
info@logisticsgulfnews.com

AARYA Media FZC LLC
A- 5805-189, Business Club
Ajman Media City.
P.O Box 29127
Phone: +971 4 368 8464
Ajman- United Arab Emirates

  • About Us
  • Advertise
  • Subscription
  • Contact Us

©️ 2021 Logistics Gulf News. All rights reserved

No Result
View All Result
  • Home
    • About Us
  • News
  • Transport
    • Air Cargo
    • Airlines
    • Maritime
    • Rail
    • Road
  • Ports
    • Airports
  • Materials Handling
    • Warehousing
  • Vehicles
    • Automobiles
    • Autonomous
    • Commercial
    • Construction
    • Truck & Fleet
  • E-commerce
  • Technology
    • Blockchain
    • IoT
    • Robotics
    • Telematics
  • Interviews
    • Analyses
    • Opinion
    • Outlook
    • View Point
  • Express Deliveries
  • Freight
  • FM
    • Waste Management
  • Expo 2020
  • Events
    • LILS KSA Summit 2023
    • LILA UAE Awards 2022

©️ 2021 Logistics Gulf News. All rights reserved