APM Terminals Buys 37.5% Stake in DP World’s Jeddah Islamic Port Terminal

APM Terminals has agreed to acquire a 37.5% minority stake in DP World’s Southern Container Terminal at Jeddah Islamic Port, marking the Maersk subsidiary’s first entry into the Saudi Arabian market. Financial terms were not disclosed.

DP World will retain a 62.5% majority and continue to lead operations at the facility, which the Dubai-headquartered group has developed under a 30-year build-operate-transfer concession secured in 2019. Since then, DP World says it has significantly expanded capacity and raised efficiency and sustainability standards at the terminal.

The transaction creates an unusual co-investment between two of the world’s largest terminal operators at a single facility on one of shipping’s most critical trade corridors. Jeddah Islamic Port sits at the intersection of Asia–Europe and north-south Red Sea flows, and has been designated a centrepiece of Saudi Arabia’s Vision 2030 economic diversification drive. Port authority Mawani has been upgrading gateway infrastructure across the kingdom as Saudi Arabia positions itself as a regional logistics hub.