On 13 April 2020, Saudi Global Ports (SGP) and Saudi Ports Authority (Mawani) sealed a new Build, Operate and Transfer (BOT) agreement for the First and Second Container Terminals in the King Abdulaziz Port in Dammam, paving the way for SGP to be the sole container terminal operator of the port. The virtual signing ceremony was streamed live on YouTube and witnessed by key representatives from the Saudi Arabia and Singapore governments, PSA International, and our partners at the Public Investment Fund (PIF). The investment will be utilised to transform King Abdulaziz Port into a leading mega container hub, increasing its capacity to a planned estimated annual handling capacity of 7.5 million TEUs.

Group CEO Tan Chong Meng said, “We would like to thank Mawani and the Kingdom for trusting PSA again to deliver another significant investment with the new BOT Agreement. PSA is committed to the Kingdom to support the transformation of King Abdulaziz Port into a global mega hub, with modern and robust infrastructure, and through the cultivation of a strong Saudi workforce. We would also like to thank our partners, customers and stakeholders for their continued support as we work together alongside towards a more efficient and resilient global supply chain.”

For more information, please click HERE for the press release.