Dammam - On 1 October 2020, Saudi Global Ports Company (SGP), one of PSA International’s subsidiaries, officially assumed the management of both first and second container terminals at King Abdulaziz Port Dammam (KAPD), Saudi Arabia. SGP has thus become the sole container terminal operator of the deep-water hinterland port.
The successful handover of the First Container Terminal from Saudi Ports Authority (Mawani) to SGP was achieved in less than six months following the signing of the 30-year build, operate and transfer (BOT) agreement between Mawani and SGP on 13 April 2020.
Saleh bin Nasser Al-Jasser, Minister of Transport and Chairman of Mawani, described the move as a milestone event within the Saudi Vision 2030 promoting the diversification of the Saudi economy. “I would like to express my gratitude to the management and working teams from Mawani and SGP for their close partnership. The smooth transition within a short timeline under the pandemic situation is phenomenal,” Abdulla Zamil, Chairman of SGP, commented.(READ MORE)