MAWANI signs SAR 2.2B privatization contracts for 8 cargo terminals

Signing ceremony

The Saudi Ports Authority (MAWANI), in partnership with the National Center for Privatization & PPP, signed build-operate-transfer (BOT) contracts with national partners - Saudi Global Ports (SGP) and Red Sea Gateway Terminal (RSGT) - at an investment value of more than SAR 2.2 billion for multi-purpose cargo terminals at eight ports across the Kingdom.

Under the 20-year agreements, SGP will develop, operate, and manage multi-purpose terminals on the East Coast, including King Abdulaziz Port in Dammam, Jubail Commercial Port, King Fahd Industrial Port in Jubail and Ras Al Khair Port, MAWANI said in a statement.

On the West Coast, RSGT will handle the development, management and operation of multi-purpose terminals at Jeddah Islamic Port, Yanbu Commercial Port, King Fahd Industrial Port in Yanbu and Jazan Port.

The contracts include investments in modernizing terminal infrastructure and equipment at King Fahd Industrial Port in Yanbu through upgrades that will feature RTG and STS cranes, reach stackers, and new trailer fleets, which is expected to improve truck turnaround times, reduce ship dwell periods, and enhance overall cargo handling efficiency.

During the signing ceremony, Minister of Transport and Logistics Services and MAWANI’s Chairman Saleh Al-Jasser said that the increased investments from the private sector reflect the attractiveness of Saudi ports and the logistics sector.

He added that the sector is currently witnessing wide and diversified investments in infrastructure, driven by significant interest from leading global and national logistics companies.