Saudi Ports Authority signs $1.9bln port development deal – ZAWYA

Saudi Ports Authority signs $1.9bln port development deal – ZAWYA

Saudi Ports Authority (Mawani) announced on Monday that it has signed an agreement exceeding 7 billion Saudi riyals ($1.9 billion) with Saudi Global Ports (SGP) to build and operate container terminals in the King Abdulaziz Port in Dammam for a period of 30 years.. "SGP will embark on a development and modernisation program to transform King Abdulaziz Port into a mega container hub and increase the Port's [annual] capacity [by 120 percent] to an estimated ..... King Abdulaziz Port is the largest Saudi port on the Arabian Gulf coast with 43 berths and total cargo handling capacity of 105 million tonnes.. The port also contains a ship repair facility that includes two floating ship docks that can accommodate ships up to 215 metres long..