Saudi Ports Authority (Mawani) said the terminals are to be built under a SAR7bn ($1.86bn) build operate transfer (BOT) deal with Saudi Global Ports (SGP).
Berths and facilities will be renewed across the first container terminal, with expanded berths and an overhauled container yard in the second terminal. Aside from the upgrades to enable giant ship handling, a sandbox area will be created to test new technologies and processes.
“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,” said Mawani.
2022 brought a record-breaking year at King Abdulaziz Port, with the highest ever throughput at over 2m teu and other operational indicators improving.
Mawani’s development plans tie in to the Saudi Vision 2030 and its overall ambition to optimise port operations and modernise infrastructure to build a booming and sustainable maritime ecosystem.
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