Saudi Global Ports takes over management of King Abdulaziz Port
SAUDI Global Ports Company (SGP) has officially taken over the management of both First and Second Container Terminals in King Abdulaziz Port Dammam (KAPD) this month in the Persian Gulf
SAUDI Global Ports Company (SGP) has officially taken over the management of both First and Second Container Terminals in King Abdulaziz Port Dammam (KAPD) this month in the Persian Gulf.
SGP, run by global port operator PSA International, is now the sole container terminal operator of the port, reports Colchester's Seatrade Maritime News.
The handover of First Container Terminal from Saudi Ports Authority (Mawani) to SGP was completed in less than six months following the signing of a 30-year build, operate and transfer (BOT) agreement between Mawani and SGP on April 13 2020.
'The smooth transition within a short timeline under the pandemic situation is phenomenal. The positive relationship will be the catalyst to accelerate the developments to elevate the seaport and logistics capabilities of Dammam to support the industrial growth initiatives under Saudi Vision 2030,' said Abdulla Zamil, chairman of SGP.
Since the signing of the BOT agreement, Mawani and SGP have worked on various activities including manpower retention, transfer of assets, engagement of the port community, and collaboration with stakeholders.
In addition to the transfer of equipment from Mawani, SGP has advanced the purchase and commissioning of more than 200 new handling equipment to facilitate smooth operations at both terminals.
SGP's development and modernisation plans will integrate both container terminals into a mega container hub. When the planned expansion works are fully completed, KAPD's annual container handling capacity will increase to an estimated 7.5 million TEU.
'PSA is committed to leveraging its resources towards the transformation of King Abdulaziz Port into a global mega hub through the cultivation of a strong Saudi workforce,' said PSA International's Mideast South Asia chief Wan Chee Foong.