Latest news with #SaudiPorts
Zawya
02-07-2025
- Business
- Zawya
Saudi Global Ports unit takes over Eastern Coast terminals operations
Saudi Arabia - Modern Port Services Company Limited (SGP Multipurpose Terminals), a subsidiary of Saudi Global Ports Group (together with its subsidiaries), today (July 1) officially took over as the operator of multipurpose terminals along the Eastern Coast of Saudi Arabia. The terminals are located at King Abdulaziz Port Dammam (KAPD), Jubail Commercial Port, King Fahad Industrial Port Jubail (KFIP) and Ras Al-Khair Port. This follows the recent awarding of 20-year concession agreements by the Saudi Ports Authority (Mawani) to integrate Saudi Arabia's Multipurpose Terminals along the Eastern Coast through a single operator, said SGP in a statement. These terminals support national industries including energy, petrochemicals, construction and mining, and are key to the Kingdom's ongoing mega projects and economic development efforts, it added. Saudi Global Ports Group unit SGPMP is working closely with Mawani to develop plans to enhance safety, operational resilience and service standards. The enhancements will be modelled after SGP's successful transformation of its terminals at King Abdulaziz Port Dammam and the Riyadh Dry Port Ecosystem. Looking ahead, SGPMP will also be supported by expertise from SGP's technical partner, PSA International, which operates Multipurpose Terminals in Singapore and globally, said a top official. "This is an important milestone for the Group. We are grateful for the trust of Mawani, our customers and stakeholders as we continue to raise standards of the ports' infrastructure and unlock more value for the ports and logistics ecosystem in the kingdom," remarked Saudi Global Ports Group CEO Rob Harrison. SGP, he stated, has committed to investing over SAR700 million ($187 million) in the four Multipurpose Terminals and is proud to continue its strides towards being the Gateway to Growth on the Eastern Coast of Saudi Arabia. "I would also like to take this opportunity to thank the teams across SGP for their contributions toward this successful transition," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
26-06-2025
- Business
- Zawya
Mawani signs privatization contracts for multipurpose cargo terminals at eight Saudi ports with private sector investments exceeding SAR 2.2bln
RIYADH, Saudi Arabia: 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. -Ends-
Zawya
25-06-2025
- Business
- Zawya
Saudi Global Ports wins contract to operate Eastern Coast terminals
Saudi Global Ports Group has announced that its key subsidiary - Modern Port Services Company - has been awarded four 20-year concession agreements by the Saudi Ports Authority (Mawani) to operate multipurpose terminals along the Eastern Coast of Saudi Arabia. These are located at King Abdulaziz Port Dammam (KAPD), Jubail Commercial Port (JCP), King Fahad Industrial Port Jubail (KFIP) and Ras Al Khair Port (RAK). An established terminal operator in the kingdom, Saudi Global Ports Group is currently the operator of container terminals at KAPD and the rail intermodal Riyadh Dry Port Ecosystem (Riyadh Dry Port, Riyadh Empty Yard and Dammam Empty Container Yard) and also has an ongoing investment to develop the Dammam Integrated Logistics Zone. The concession agreements were signed by Saudi Global Ports Group CEO Rob Harrison and the Acting President of Mawani Mazen bin Ahmed Al Turki, in the presence of Minister of Transport and Logistics Services Saleh Al Jasser, the Chairman of Board of Saudi Global Ports Eng. Abdullah Al Zamil and Vice Chairman Bakr AlMuhanna. In 2024, SGP had handled more than 4 million TEUs across its ecosystem of seaports and inland terminals, cementing its position as a leader in the industry. Announcing the deals, Saudi Global Ports Group said it plans to invest more than SAR700 million ($187 million) for upgradation of these terminals and purchase new equipment. SGP also aims to integrate the four multipurpose terminals with its existing operations across Dammam and Riyadh, and to transform the terminals into more efficient and resilient gateways supporting the robust growth in the Kingdom, which will be key for the ongoing and upcoming mega projects in the country, it stated. Emphasising its continued commitment to the professional development of its workforce in Saudi Arabia, SGP, with the support of its technical partner, PSA International, will tailor training programmes for the existing and new workforce at all the terminals. A leading global port operator, PSA boasts a portfolio comprising over 70 deepsea, rail and inland terminals, across more than 180 locations in 45 countries – including two flagship port operations in Singapore and Belgium. The training will introduce best practices in safety, operations and sustainability, drawing from PSA International's successes in multipurpose terminals globally, it stated. Al Zamil said: "SGP, as one of the national champions for ports and logistics in Saudi Arabia, is proud to be entrusted with this opportunity to nurture and grow the four multipurpose terminals along the Eastern Coast of Saudi Arabia." "We will strive to provide the same reliability, integration and spirit of innovation at the multipurpose terminals as we have done so for the container terminals at KAPD, the Riyadh Dry Port Ecosystem and DILZ. We are grateful to Mawani for entrusting SGP with these concessions," he stated. AlMuhanna said the agreement between SGP and Mawani was 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," he stated. "SGP, is committed to fostering innovation, sustainability, and local talent development to unlock long-term value in developing a transformative ports and logistics sector and in building a resilient, future-ready economy," he added. Regional CEO Europe & Mediterranean and Middle East South Asia, PSA International, Vincent Ng said: "We are 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," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
24-06-2025
- Business
- Zawya
Saudi's SGP to invest $187mln to develop four multipurpose terminals in the Kingdom
Saudi Global Ports Group (SGP) announced on Tuesday that it has signed four 20-year concession agreements with the Saudi Ports Authority (Mawani) to operate multipurpose terminals along the Eastern Coast of Saudi Arabia. The terminals are located at King Abdulaziz Port Dammam (KAPD), Jubail Commercial Port (JCP), King Fahad Industrial Port Jubail (KFIP) and Ras Al-Khair Port (RAK), SGP said in a press statement. The agreements were signed through SGP's subsidiary, Modern Port Services Company Limited [SGP Multipurpose Terminals (SGPMP)]. SGP is currently the operator of container terminals at KAPD and the rail intermodal Riyadh Dry Port Ecosystem, comprising Riyadh Dry Port, Riyadh Empty Yard and Dammam Empty Container Yard. The company also has an ongoing investment to develop the Dammam Integrated Logistics Zone (DILZ). Under the four concession agreements, SGP plans to invest more than 700 million Saudi Riyals ($187 million) to upgrade the terminals, purchase new equipment, and integrate these terminals with its existing operations across Dammam and Riyadh, the statement said. Mawani launches RFQs for Saudi multi-purpose terminal projects (Editing by Anoop Menon) (
Arab News
24-06-2025
- Business
- Arab News
Mawani names Al-Mazroua as new president
JEDDAH: Saudi Ports Authority has appointed Suliman bin Khalid Al-Mazroua as its new president, effective June 29, as part of its push to strengthen leadership and advance key strategic goals. Al-Mazroua succeeds Mazen bin Ahmed Al-Turki, who had been serving as acting president and played a key role in several initiatives aimed at developing logistics zones and parks across the Kingdom. Al-Turki's most recent contribution included overseeing the signing of a series of new build-operate-transfer contracts valued at more than SR2.2 billion ($586.6 million) to develop multi-purpose cargo terminals at eight Saudi ports. The appointment of Al-Mazroua, announced by Mawani's board of directors, underscores the authority's commitment to supporting the National Transport and Logistics Strategy and Saudi Vision 2030. Both initiatives aim to position the Kingdom as a global logistics hub and a leading industrial power. In a post on his X account, Al-Mazroua expressed his appreciation for the board's trust and pledged to further the authority's strategic goals. 'I extend my sincere thanks and appreciation to His Excellency the Minister of Transport and Logistics Services and Chairman of the Board of the Saudi Ports Authority, Eng. Saleh bin Nasser Al-Jasser, as well as to their Excellencies and distinguished members of the board for this generous trust,' he said. Al-Mazroua added: 'I pray to God for success in serving our blessed country and fulfilling the aspirations of our visionary leadership. I am also very pleased to work alongside my colleagues at the Saudi Ports Authority.' In a statement, the authority said that Al-Mazroua 'affirmed his commitment to advancing Mawani's strategic objectives and enhancing its performance in line with its development plans and transformation programs.' Before assuming his new role, Al-Mazroua served as CEO of the National Industrial Development and Logistics Program, where he played a key role in driving economic diversification and enhancing infrastructure in key sectors, including industry, mining, energy, and logistics. 'He also played a key role in stimulating investment in these sectors with the aim of increasing their contribution to the Kingdom's gross domestic product, promoting innovation, enhancing local content, and advancing the Fourth Industrial Revolution,' the statement added. With more than two decades of professional experience, Al-Mazroua has held several senior leadership positions, including at Saudi Aramco from 2001 to 2017. Over the years, he progressed from technical roles to executive leadership, contributing to the establishment of research and development centers, strengthening cybersecurity frameworks, and advancing health care sector initiatives. He also worked at US-based Aruba Networks from November 2006 to July 2007 and previously served as a quality assurance engineer at California-based Caspian Networks. In addition, Al-Mazroua led the National Transformation Program and the Delivery and Rapid Intervention Center, where he contributed to planning, monitoring, and accelerating the implementation of development initiatives in support of Vision 2030. He is also a member of several boards, including the Center for the Fourth Industrial Revolution in Saudi Arabia and Marafiq Co.
