Saudi Ports Authority (Mawani) signed four contracts at King Abdulaziz Port in Dammam, totaling investments exceeding US$270 million.
Collaborating with “Zamil Marine Services” and “Naghi Marine,” the contracts involve providing a range of maritime services at eight ports. These efforts align with the goals of the national transport and logistics strategy, enhancing Saudi ports’ global standing and supporting the economic growth outlined in Saudi Vision 2030.
Saudi Arabia’s Minister Al-Jasser emphasised the expansion of private sector partnerships, boosting logistics sector competitiveness, and renewing operational assets, including the investment in 44 new maritime units.
The contracts also aim to empower the private sector in transportation and logistics projects, contributing to the Saudi Vision 2030 objectives and solidifying the Kingdom’s position as a global logistics hub.
The president of the Saudi Ports Authority, Omar Hariri, highlighted the contracts’ significance in enhancing the Kingdom’s regional and global competitiveness by leveraging port potential for value-added investment projects.
The contracts include the addition of 27 new tugboats and 17 other maritime assets across eight ports, enhancing infrastructure to attract new shipping lines and elevate the ports sector to international standards. Key improvements include a 45% reduction in assistance operation time for towing.
Zamil Marine Services Company oversees Jeddah Islamic Port, Jazan Port, Ras Al Khair Port, King Fahd Industrial Port in Jubail, and Jubail Commercial Port, while Naghi Marine Co. manages King Abdulaziz Port in Dammam, Yanbu Commercial Port, and King Fahd Industrial Port in Yanbu.
