Hutchison Ports signs investment and operation agreement for new Saudi port

Hutchison Ports signs investment and operation agreement for new Saudi port
The Royal Commission in Jubail and Yanbu hosted the online signing ceremony

Hutchison Ports has signed an investment and operation agreement with the Jazan City for Primary and Downstream Industries (JCPDI) for JCPDI Port in Saudi Arabia, a new multipurpose port on the coast of the Red Sea.

As part of China’s Belt and Road Initiative, JCDPI Port is Saudi Arabia’s closest port to East Asia and is considered a major gateway to the country’s southern region – which has an estimated population of 4.5m people.

Eric Ip, group managing director of Hutchison Ports, said: “We have a presence of 20 years in Saudi Arabia, and it is a very important market for Hutchison Ports.

“Marking a new chapter for us, JCPDI Port is located at the crossroads of one of the busiest east-west trade lanes and rapidly growing north-south trade ranes.”

The multipurpose port is to be developed over two phases and will consist of a container terminal and a general cargo and dry-bulk terminal.

Each will be equipped with the latest in handling equipment and have quayside draft of 16.5 m.

Commercial operations of Phase I will launch this year, starting with the general cargo and dry-bulk terminal which will have a berth length of 540 m.

Phase I of the container terminal is expected to start commercial operations in early 2022 and will offer 730 m of berth.

The terminals are designed to support economic growth in the entire region and to serve eastern and southern Africa, which is in line with Saudi Arabia’s Vision 2030.

JCPDI Port was established to provide modern logistics services in the region to enhance the country’s presence in this field and, as part of Hutchison Ports’ network, the facility will benefit from the latest port technologies and best industrial practices.

Abdullah bin Ibrahim Al-Saadan, chairman of the Royal Comission for Jubail and Yanbu said: “We are seeking to provide the best services and to ensure the highest levels of quality and efficiency.”