Saudi Arabia’s Ports Authority signs $1.9 bln deal to operate Dammam port

Saudi Arabia’s Ports Authority signs $1.9 bln deal to operate Dammam port
Saudi Arabia’s Ports Authority signs $1.9 bln deal to operate Dammam port

We show you our most important and recent visitors news details Saudi Arabia’s Ports Authority signs $1.9 bln deal to operate Dammam port in the following article

Hind Al Soulia - Riyadh - Project will increase the capacity of container terminals in King Abdulaziz Port by more than 120%

Monday 13/04/2020

Combined photo of the video-signing ceremony. (Alef international)

DUBAI--The Saudi Ports Authority (Mawani) announced Monday the signing of an agreement worth more than 7 billion riyals ($1.9 billion) with Saudi Global Ports (SGP) to build and operate container terminals at a port in Dammam.

SGP will build, operate and transfer the container terminals on a 30-year contract. The project will increase the King Abdulaziz Port in Dammam’s capacity to reach 7.5 million containers and will provide more than 4,000 job opportunities in the port and logistics sector, Mawani said.

Minister of Transport and Chairman of the Saudi Ports Authority Saleh Al-Jasser said “the new project will help raise the rank of the Kingdom at the logistics performance index to become among the 25 best countries in the world.”

President of the Saudi Ports Authority (Mawani) Saad Alkhalb pointed out that the “new agreements will contribute mainly to developing berths, increasing the capacity of container terminals in King Abdulaziz Port by more than 120% and providing integrated solutions to operate container terminals.”

——-

(With Mawani, agencies)

These were the details of the news Saudi Arabia’s Ports Authority signs $1.9 bln deal to operate Dammam port for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at The Arab Weekly and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Najran governor launches $16 million health projects