In a major step toward advancing Saudi Arabia’s logistics infrastructure, the Saudi Ports Authority (Mawani) has signed privatization contracts for multipurpose cargo terminals at eight ports across the Kingdom.
The agreements, structured under a 20-year Build-Operate-Transfer model, were signed in collaboration with the National Center for Privatization, with total private sector investments exceeding SAR 2.2 billion.
The contracts were awarded to national logistics leaders Saudi Global Ports and Red Sea Gateway Terminal Company, who will develop, manage, and operate the terminals across both the Eastern and Western Provinces.
Saleh bin Nasser Al-Jasser, Minister of Transport and Logistic Services and Chairman of Mawani, stated that driven by Vision 2030, these agreements will enhance maritime connectivity, operational efficiency, and diversify the national economy.
Saudi Global Ports will operate multipurpose terminals at four Eastern Province ports: King Abdulaziz Port (Dammam), Jubail Commercial Port, King Fahd Industrial Port (Jubail) and Ras Al-Khair Port.
Red Sea Gateway Terminal will manage terminals at four Western Province ports: Jeddah Islamic Port, Yanbu Commercial Port, King Fahd Industrial Port (Yanbu)and Jazan Port.
Investments at ports such as King Fahd Industrial Port in Yanbu will include the deployment of modern STS and RTG cranes, reach stackers, trucks, and trailers, aiming to increase container handling capacity, reduce truck turnaround time, and shorten vessel berthing durations boosting overall terminal productivity.
