Saudi Arabia awaits private investments for the maritime sector to develop eight terminals

The Saudi Ports Authority (Mawani) is looking up to investment opportunities in partnership with the private sector to develop and operate multi-purpose terminals in eight ports as part of the kingdom’s new strategic logistics and transport plan.
Mawani, Arab News notes, Thursday said, the opportunities are in the form of build-operate-transfer (BOT) contracts for terminals in Jeddah Islamic Port, King Abdulaziz Port in Dammam, Ras Al-Khair Port, Jizan Port, Yanbu Commercial Port, King Fahad Industrial Port in Jubail, King Fahad Industrial Port in Yanbu, and Jubail Commercial Port.
The private investment according to the authority will be used to equip the ports to serve various functions including containers, general cargo, bulk cargo, RoRo cargo, passengers, and livestock.
The announcement follows the inauguration early this week of the kingdom’s new strategy in the area of transport and logistics. The new plan aims at increasing the contribution of the sector to the country’s GDP from 6 percent today to 10 per cent by 2030.
The Gulf country through its vision 2030 envisions to become a leading global logistics platform and a connecting hub for the three continents.

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