The official ‘ground breaking’ ceremony was carried out through Saudi Global Ports LLC (SGP), a joint-venture company formed by PSA and the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia.
The SGP terminal has been designed with the latest equipment and technology to serve the fast growing economy of the Kingdom and the regional economies of the Arabian Peninsula.
Located close to the economic centre and capital city Riyadh, the terminal is linked by an existing railway network and highways to the rest of the country. When fully developed, it will have a quay length of 1,200 metres supported by 12 quay cranes, with a design capacity of 1.8m teu per annum.
“Dammam represents PSA International\’s first port infrastructure project in Saudi Arabia and the Arabian Gulf. PSA will work in partnership with the PIF and the Saudi Ports Authority to enable the Saudi Global Ports Terminal to excel in container handling operations and transform Dammam into the preferred port of call to support the high trade volumes in the region,” said Tan Chong Meng, Group CEO, PSA International.
For the Public Investment Fund, Secretary General, Abdul Rahman Mohammed Al Mufadhi, said, “This [ground breaking] represents a culmination of the efforts of PIF and PSA to develop this important project in this very important port. The project reflects the keen interest of PIF in the development of the Kingdom’s infrastructure sector in general and the transport sector in particular to support economic development in the Kingdom and the region”.