PSA International partners with Saudi Arabia to develop new Dammam container terminal
PSA will develop, operate and manage container terminal in Dammam, Saudi Arabia
Upon complettion, the new SGP terminal will have a quay length of 1,200 metres and 12 quay cranes, with a design capacity of 1.8 million TEUs per annum.
"We will work closely with our partner and Saudi Ports Authority to transform the Saudi Global Ports terminal into the preferred port of call to support the high trade growth and business activities in the region.”
King Abdul Aziz Port, Dammam, is the largest Gulf port in Saudi Arabia. It is hoped the new SGP terminal will transform Dammam into a major port of call it the Gulf to serve the Arabian Peninsula market.
Mr Mansour Al Maiman, Secretary General of Public Investment Fund, said: "The Public Investment Fund's joint venture with PSA International is the first investment by PIF in ports infrastructure in the Kingdom of Saudi Arabia."