Saudi Global Ports LLC (SGP), a joint-venture company formed between the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia and the world's largest terminal operator PSA International (PSA) have started commercial operations at the second container terminal in the King Abdul Aziz Port in Dammam, a key gateway port on the Arabian Gulf.
When the new SGP terminal is fully developed, it will have a quay length of 1,200 metres and 12 quay cranes, with a designed capacity of 1.8 million TEU per annum.
Mr Tan Chong Meng, Group CEO of PSA International, said: “The completion and start-up of PSA's first container terminal in Dammam testifies to PSA’s commitment to the Kingdom of Saudi Arabia. I am confident that this important gateway port will help the region grow its trade and business activities.”
Mr Abdul Rahman Mohammed Al Mufadhi, Secretary General of the Public Investment Fund, said: “The second container terminal in Dammam is commercially and strategically significant for the development of the Kingdom’s economy. PIF is pleased in our partnership with PSA International, a leading and renowned port group, to develop and operate this important container terminal project in Dammam.”
Captain Leslie Reis, CEO of Orient Express Lines, said: “PSA is an experienced port operator and our cooperation with PSA spans across the globe. The start-up of this new terminal brings to this region much needed capacity.”