Container Terminal Upgrade in Saudi Arabia via Mawani and DP World Agreement
An $800 million terminal modernization agreement signed in 2020 between Saudi Ports Authority (Mawani) and DP World Jeddah begins the first phase of four to develop improvements of a South Container Terminal at the Jeddah Islamic Port.
In addition to equipment and system program upgrades at the port, the quay itself is extending to 2,150m in order to have the capacity to service more vessels at one time as well as larger vessels.
The terminal is expected to have completed all upgrades by 2024.
President of Mawani, Omar Hariri said, “The continuing development of our national ports through public-private partnerships is a priority for us at Mawani as part of our long-term strategy to drive growth in Saudi Arabia’s ports sector and bolster the kingdom’s pre-eminent position as a global logistics hub connecting three continents as envisaged in Vision 2030,”