SPG \u2013 a joint venture between Saudi Arabia\u2019s Public Investment Fund and Singapore port operator PSA \u2013 will build, operate and transfer the terminal on a 30 year basis.<\/p>\n
When the new SGP terminal is fully developed, it will have a quay length of 1,200 metres and 12 quay cranes, with a design capacity of 1.8 million teu per annum. The port is the largest Gulf facility in Saudi Arabia \u2013 Saudi\u2019s main port of Jeddah sits on the Red Sea \u2013 and the project is seen as key to developing its gateway status.<\/p>\n
It has been backed up by the announcement of national projects worth SR405bn (US$107bn), focusing on developing a railway link connecting the port of Damman with Jubail.<\/p>\n
This will connect with the Saudi Railway Company’s North-South railway near Ras Azzawr, run 85 km along the coast to Jubail, where it will serve industrial and port facilities, then continue a further 125 km to a junction with the Saudi Railways Organisation network near Dammam.<\/p>\n
The concession will be the Fund’s first investment in port infrastructure in Saudi \u2013 and it is also PSA\u2019s first port infrastructure project in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"
Saudi Global Ports (SGP) has gained the concession for a second container terminal at King Abdul Aziz Port, Dammam, in Saudi Arabia.<\/p>\n","protected":false},"author":8,"featured_media":8275,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"sponsor":[],"class_list":["post-8274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-middle-east"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/8274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=8274"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/8274\/revisions"}],"predecessor-version":[{"id":8276,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/8274\/revisions\/8276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/8275"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=8274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=8274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=8274"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=8274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}