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Mid East Info
4 days ago
- Business
- Mid East Info
In the Presence of H.E. Al-Jasser … Mawani Signs Privatization Contracts for Multipurpose Cargo Terminals at Eight Saudi Ports with Private Sector Investments Exceeding SAR 2.2 Billion
RIYADH, Saudi Arabia, June , 2025: In the presence of H.E. Eng. Saleh bin Nasser Al-Jasser, Minister of Transport and Logistic Services and Chairman of the Saudi Ports Authority, Mawani — in collaboration with the National Center for Privatization — signed contracts to privatize multipurpose cargo terminals at eight Saudi ports under a Build-Operate-Transfer (BOT) model spanning 20 years. The agreements were signed with national partners Saudi Global Ports and Red Sea Gateway Terminal Company, with private sector investments exceeding SAR 2.2 billion. The signing ceremony was also attended by Mr. Mazen bin Ahmed Al-Turki, Acting President of Mawani; Eng. Abdullah bin Mohammed Al-Zamil, Chairman of Saudi Global Ports; Mr. Aamer Alireza, Chairman of Red Sea Gateway Terminal; and a number of other officials. Speaking at the ceremony, H.E. Eng. Saleh Al-Jasser noted that these successive private sector investments reflect the strong appeal of Saudi ports and the logistics sector — a sector that receives generous support from the Custodian of the Two Holy Mosques and His Royal Highness the Crown Prince, may God protect them. He also stated that Saudi ports have witnessed remarkable progress in operational efficiency, cargo handling rates, and maritime connectivity, according to international indices — driven by significant investments from leading global and national logistics companies. The Minister emphasized that the transport and logistics ecosystem will continue to strengthen its partnerships with the private sector across all areas and regions of the Kingdom. He noted that these privatization contracts represent an extension of Mawani's strategic partnerships with major national and international companies, enabling growth in the maritime transport sector, diversifying the economy, and reinforcing Saudi Arabia's position as a global logistics hub — in line with the goals of the National Transport and Logistics Strategy and Saudi Vision 2030. For his part, H.E. Mr. Mohannad bin Ahmed Basodan, CEO of the National Center for Privatization, affirmed that the Center aims to empower the private sector to play a key role in enhancing public services and improving operational efficiency. He noted that the signing of these privatization contracts across eight seaports is one of the most significant initiatives in this regard, enabling the private sector to leverage its expertise to develop advanced maritime services aligned with the highest global standards — thereby enhancing operational performance and unlocking broad prospects for economic growth. These efforts also reflect the Center's vision of building an effective privatization ecosystem that delivers sustainable economic impact and supports the Kingdom's ambition to become a global logistics hub under Saudi Vision 2030. Under the contracts, Saudi Global Ports will develop, manage, and operate multipurpose terminals at four Eastern Province ports under Mawani's jurisdiction: King Abdulaziz Port in Dammam, Jubail Commercial Port, King Fahd Industrial Port in Jubail, and Ras Al-Khair Port. Red Sea Gateway Terminal will manage the development and operations of multipurpose terminals at four Western Province ports: Jeddah Islamic Port, Yanbu Commercial Port, King Fahd Industrial Port in Yanbu, and Jazan Port. The privatization contracts for King Fahd Industrial Port in Yanbu involve increasing container handling capacity through the deployment of the latest STS and RTG cranes, reach stackers, modern trucks and trailers, as well as reducing truck turnaround times and vessel berth stays — all contributing to improved operational efficiency. Notably, these privatization contracts between Mawani and the private sector were signed following approval from the Supervisory Committee for Privatization in the Transport and Logistics Sector, chaired by H.E. Eng. Saleh bin Nasser Al-Jasser. They aim to enhance the competitiveness of Saudi ports, expand operational capacity, support economic growth, and contribute to sustainable development.
Leaders
23-06-2025
- Business
- Leaders
Transport Minister Signs SAR 2.2B Mawani Port Privatization Deals
Saudi Arabia's Minister of Transport and Logistic Services and Chairman of the Saudi Ports Authority (Mawani), Saleh Al-Jasser, today witnessed the signing of landmark privatization contracts for multipurpose cargo terminals across eight Saudi ports. The agreements, executed in collaboration with the National Center for Privatization, are structured under a 20-year Build-Operate-Transfer (BOT) model with total private sector investments exceeding SAR 2.2 billion. Saudi Global Ports The contracts were signed with national operators Saudi Global Ports (SGP) and Red Sea Gateway Terminal. Moreover, SGP will oversee terminals on the Kingdom's eastern coast—King Abdulaziz Port in Dammam, Jubail Commercial Port, King Fahd Industrial Port in Jubail, and Ras Al-Khair Port. Red Sea Gateway Terminal will also manage those on the western coast—Jeddah Islamic Port, Yanbu Commercial Port, King Fahd Industrial Port in Yanbu, and Jazan Port. Moreover, Al-Jasser emphasized that continued private investment highlights the competitiveness of Saudi Arabia's ports and logistics sector. He noted strong interest from both local and global logistics companies and pointed to the sector's rapid progress in operational efficiency, cargo throughput, and global maritime connectivity. Mawani He affirmed that expanding public-private partnerships is a key part of the Kingdom's transport and logistics ecosystem. This aligns with the National Transport and Logistics Strategy and Vision 2030. The new agreements build on existing collaborations between Mawani and top national and international firms. They also aim to strengthen maritime transport, diversify the economy, and make Saudi Arabia a global logistics hub. The contract for King Fahd Industrial Port in Yanbu includes infrastructure upgrades such as expanded container handling capacity and the deployment of advanced ship-to-shore (STS) and rubber-tired gantry (RTG) cranes, trucks, and trailers. Finally, these enhancements are expected to significantly improve operational efficiency by reducing truck turnaround times and vessel berthing durations. Related Topics : Jeddah Islamic Port Launches MEDEX Shipping Service to Strengthen Global Connectivity Saudi Arabia's Mawani Crowned Logistics Hub Champion at ShipTek 2025 New Chapter Unfolds: Mawani Lists Jeddah Islamic Port on London Metal Exchange Saudi Arabia to Host 5th Maritime & Logistics Congress in Dammam Short link : Post Views: 1
Leaders
16-06-2025
- Business
- Leaders
Mawani Introduces IM2 Shipping Service at Jeddah Islamic Port
The Saudi Ports Authority (Mawani) has launched the new IM2 shipping service at Jeddah Islamic Port, in collaboration with Emirates Shipping Line and Wan Hai Lines. This initiative aims to boost the competitiveness of Saudi ports, streamline global trade, and enhance operational efficiency. The IM2 service will link Jeddah Islamic Port with three key ports: Mundra in India, Alexandria in Egypt, and Mersin in Türkiye. It will offer a handling capacity of up to 2,800 TEUs. This launch aligns with Mawani's broader strategy to elevate Saudi Arabia's position in global performance rankings, support national exports, and advance the National Transport and Logistics Strategy, which seeks to position the Kingdom as a leading global logistics hub connecting three continents. Jeddah Islamic Port features 62 multi-purpose berths, specialized terminals, two general cargo terminals, ship repair docks, and a dedicated area for logistics services including storage and re-export. Its total cargo handling capacity stands at 130 million tons. Related Topics : Mawani Adds 'MXS1' Shipping Service of 'Silmar Group' Company to Jeddah Port 'Milaha Gulf Express 2': Mawani Announces New Shipping Service Affairs of Two Holy Mosques Launches Tawaf, Sa'i Travel Experience AlUla Wins Best Sustainable Pavilion Award at Arabian Travel Market 2024 Short link : Post Views: 1
Leaders
13-06-2025
- Business
- Leaders
Mawani Enhances Saudi Ports with Launch of MSC Himalaya Express Service
The Saudi Ports Authority (Mawani) has introduced the MSC Himalaya Express shipping service to King Abdulaziz Port in Dammam and Jubail Commercial Port. This strategic development is designed to strengthen national exports and boost the global and regional competitiveness of both ports. The new service provides direct connections to 12 major regional and international destinations: Jebel Ali and Abu Dhabi (UAE), Hamad Port (Qatar), Nhava Sheva, Mundra, and Vizhinjam (India), Sines (Portugal), Gioia Tauro and Genoa (Italy), and Valencia, Barcelona, and Malaga (Spain). It offers a significant capacity of up to 14,000 TEUs. This initiative supports Mawani's broader mission to improve the Kingdom's ranking in global logistics performance and enhance operational efficiency across its port network. It also aligns with the National Transport and Logistics Strategy, which aims to position Saudi Arabia as a leading global logistics hub bridging three continents. Related Topics : Mawani Adds 'MXS1' Shipping Service of 'Silmar Group' Company to Jeddah Port 'Milaha Gulf Express 2': Mawani Announces New Shipping Service Affairs of Two Holy Mosques Launches Tawaf, Sa'i Travel Experience AlUla Wins Best Sustainable Pavilion Award at Arabian Travel Market 2024 Short link : Post Views: 110 Related Stories
Leaders
11-06-2025
- Business
- Leaders
Jeddah Islamic Port Launches MEDEX Shipping Service to Strengthen Global Connectivity
The Saudi Ports Authority (Mawani) has introduced the Med Express (MEDEX) shipping service by CMA CGM at Jeddah Islamic Port, further enhancing the port's global competitiveness, streamlining international trade, expanding commercial opportunities, and boosting national exports. The MEDEX route links Jeddah Islamic Port to 12 major regional and international ports, including Abu Dhabi and Jebel Ali (UAE), Karachi (Pakistan), Mundra and Nhava Sheva (India), Colombo (Sri Lanka), Piraeus and Malta (Greece), Genoa (Italy), Marseille Fos (France), and Barcelona and Valencia (Spain). Moreover, the service offers a handling capacity of up to 10,000 TEUs. This development supports Mawani's broader strategy to elevate Saudi Arabia's position in global logistics performance indices and increase the operational efficiency of Jeddah Islamic Port. It also advances the objectives of the National Transport and Logistics Strategy, which aims to establish the Kingdom as a global logistics hub connecting three continents. Jeddah Islamic Port is equipped with 62 multi-purpose berths, a dedicated logistics zone for storage and re-export, multiple specialized terminals, two general cargo terminals, two ship repair docks, and marine service berths. Finally, the port boasts a total annual handling capacity of 130 million tons. Related Topics : Mawani to Establish Logistics Park at King Abdulaziz Port in Dammam Air Connectivity Program Joins World Routes Conference in Bahrain Saudi Air Connectivity Program Inks Agreement with Eurowings Transavia France Airlines Launches Direct Flights Between Three French Cities, Jeddah Short link : Post Views: 28
