Saudi Global Ports seals BOT agreement for terminals in Dammam

Saudi Global Ports (SGP), a subsidiary of PSA International, and Saudi Ports Authority (Mawani) have sealed a new Build, Operate and Transfer (BOT) agreement for the first and second container terminals at King Abdulaziz Port in Dammam.

The agreement, signed in a virtual ceremony, makes SGP the sole container operator at the port.

Upon assuming the responsibility for managing both container terminals, SGP will embark on a development and modernisation programme to transform the King Abdulaziz Port into a mega container hub and increase the port’s annual capacity to 7.5m teu when the planned expansion works are fully completed.