SGP secures 20-year deals for four Saudi terminals

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SGP secures 20-Year deals for four Saudi terminals
Saudi Global Ports Group (SGP) has signed four 20-year concession agreements with the Saudi Ports Authority (Mawani) to operate multipurpose terminals at key ports along Saudi Arabia’s Eastern Coast.

The agreements cover King Abdulaziz Port Dammam (KAPD), Jubail Commercial Port (JCP), King Fahad Industrial Port Jubail (KFIP), and Ras Al-Khair Port (RAK).

Under the new agreements, SGP will invest over SAR 700 million ($187 million) to upgrade the terminals and acquire new equipment.

The company aims to integrate the new sites with its existing network in Dammam and Riyadh, transforming them into efficient, resilient logistics gateways to support national growth and upcoming mega projects.

Training and workforce development are central to the plan. Supported by its technical partner PSA International, SGP will implement tailored training programs focused on safety, operations, and sustainability — drawing on PSA’s global expertise in managing multipurpose terminals.

READ: SGP unveils new QC and RTGs cranes

Bakr Al Muhanna, Vice Chairman of SGP, said: “The agreement between SGP and Mawani is pivotal in driving economic diversification under Saudi Arabia’s Vision 2030.

“By integrating and modernising key terminals, SGP, together with its technical partner, PSA International, brings their expertise to enhance supply chain efficiency, support critical mega projects, and strengthen the Kingdom’s position as a global logistics hub.”

READ: MAWANI, Sultan Logistics to build $53 million logistics park

Vincent Ng, Regional CEO of PSA International, added: “PSA is proud to be alongside Saudi Arabia’s growth journey for over 10 years.

“We are excited to continue to work alongside PIF, Mawani and other stakeholders in the Kingdom, supporting SGP with our global expertise and network as it expands its ecosystem to include capabilities that can bring new and differentiated value to the Kingdom’s ports and logistics sector.”

Recently, Mawani welcomed the launch of Mediterranean Shipping Company (MSC)’s new Himalaya Express shipping service at King Abdulaziz Port in Dammam and Jubail Commercial Port.

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