Saudi Ports agrees contracts totalling SR500 million for development of nation’s ports
The King Abdul Aziz Port, Dammam, Kingdom of Saudi Arabia. Image: Arabian Supply Chain
SPA president signs contracts totalling SR500 million
The president of the Saudi Ports Authority (SPA), Abdul Aziz Al-Tuwaijri, yesterday signed a number of contracts totaling SR500 million for the development and maintenance of the country’s ports.
Three contracts were awarded for the King Abdul Aziz Port, the second largest port in the Kingdom of Saudi Arabia, including the build of two new berths for the handling of bulk cargo at a cost of SR170 million. The contract was awarded to Huta Hegerfeld Saudia, according to a statement by the SPA.
Al-Balagha Trading Group also agreed a SR53 million contract at the port to rent the King Fahd Shipyard for a period of ten years. “This contract will help King Abdul Aziz Port to attract more shipping lines,” the SPA said.
A third contract, at a cost of SR94 million, was granted for the cleaning and general maintenance of the port for three years.
The China Harbor Engineering Co. was also awarded a contract for the build of a new SR129 million wharf at Yanbu’s King Fahd Industrial Port, which will be used for the export of petroleum products by the Yasref refining company, according to Arab News.
Jazan Port also received a contract for the upgrade of its electricity network, which will be executed by Ibn Omaira Establishment at a cost of SR60 million.
Further contracts were also awarded to Dhuba Port, including the build of two new wharfs at a cost of SR24 million by Marine Service Projects Co.
Al-Tuwaijri also noted how Saudi Arabia’s ports are currently undertaking projects worth an estimated SR4 billion.
“In addition, new projects valued at SR1 billion approved by the current budget will be implemented shortly,” said Al-Tuwaijri.
Yesterday’s signing ceremony was attended by Saudi Arabia’s Transport Minister Jabara Al-Seraisry.