Major plans for Saudi Global Ports Company

With effect from 1 October, SGPC assumed the management of both the first and second container terminals in KAPD, making it the sole container terminal operator of the port. SGPC’s development and modernisation plans will integrate both container terminals into a mega container hub.

The handover of the first container terminal from Saudi Ports Authority (Mawani) to SGPC was achieved in less than six months, following the signing of the 30-year Build, Operate and Transfer (BOT) agreement between Mawani and SGPC in April.

“I would like to express my gratitude to the management and working teams from Mawani and SGP for their close partnership,” said Abdulla Zamil, chairman of SGPC, a joint venture between the public investment fund of the Kingdom of Saudi Arabia and PSA international (PSA).

When SGPC’s planned expansion works are fully completed, KAPD’s annual container handling capacity will increase to an estimated 7.5m TEUs. SGP’s estimated total investment of more than US$1.8bn is expected to be the largest seaport investment by a single operator under a public private partnership in the Kingdom of Saudi Arabia.

In addition to the transfer of equipment from Mawani, SGPC has brought more than 200 new units of handling equipment.