Hutchison Ports signs investment and operation agreement for new Saudi port

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.