Home Construction DP World Awarded B.O.T Contract related to Jeddah Islamic Port

DP World Awarded B.O.T Contract related to Jeddah Islamic Port

UAE’s DP World has been assigned a 30-year Build-Operate-Transfer reduction for the management and development of the Jeddah South Container Terminal at the multi-purpose Jeddah Islamic Port.

The project has been assigned by the Saudi Ports Authority Mawani.

As per the contract, DP World will invest up to $500 million to rebuild and innovate the Jeddah Islamic Port. This will comprise major infrastructure development to enable the Port to serve the ultra-large container carriers, which ponder the world’s largest mega containerships. The signing celebration was attended by Makkah’s Acting Governor, HRH Prince Badr bin Sultan bin Abdul Aziz Al Saud, H.E Engineer Saleh bin Naser Al Jasser, Minister of Transport and Mawani’s Chairman of the Board, H.E Bandar Alkhorayef, Minister of Industry and Mineral Resources, HE Saad Al Khalb, President of Mawani and HE Sheikh Shakbout bin Nahyan Al Nahyan, UAE Ambassador to KSA. founded in 1976, the Jeddah Islamic Port is on the red sea and the largest port in the Kingdom of Saudi Arabia with an annual capacity of all over 6 million twenty-foot equivalent units (TEU’s) As an important link on the worlds engage east-west trade path and the Kingdom’s main commercial centers, the Port currently handles around 60% of the country’s sea-imports and is a strategic hub that links East-West cargo. The reduction will also be helpful in facilitating the smooth and efficient movement of shipment and a greater approach to local and international markets. DP World has operated the South Container Terminal on a lease contract for more than 20 years. As the main business location for Saudi Arabia and one of the Kingdom’s major port privatization projects, the new terminal will also have an upgraded efficiency of 3.6million TEU up from 2.4million TEU, to obtain the required growth demands of the future, and will provide 1,400 jobs.


Please enter your comment!
Please enter your name here

Most Popular

Car Insurance Company in Saudi Arabia

SALAMA Comprehensive This is a conventional product. This plan includes GCC cover. This plan includes personal accident cover. There...

how much is car insurance in Dubai

How to Estimate the Cost of Car Insurance in Dubai? There are more than 10 different insurance companies...

Top 10 Best Car Insurance Companies In Dubai – UAE

There are two types of insurance policies: comprehensive insurance which covers losses arising from theft, fire, or accidents, and third party insurance...

SNOC begins gas production at Mahani field in Sharjah

Sharjah National Oil Corporation (SNOC) and its partner Italian oil major Eni have pulished the start-up of Mahani-1 gas well, marking the...