The Saudi Ports Authority announced on Thursday the completion of the Red Sea Gateway Terminal expansion at the Jeddah Islamic Port, with investments amounting to 1 billion SAR ($266.6 million).
According to a statement from “Mawani,” the Saudi Ports Authority, quoted by the Transport and Logistics Services Minister and Chairman of the Authority, Saleh bin Nasser Al-Jasser, the completion of the northern part of the port’s development, in partnership with the private sector, will enhance operational capabilities, increase port capacity for trade and exports, and support maritime transport and supply chains.
Al-Jasser added that the completion of the infrastructure qualification and the dredging project would enable the port to accommodate mega ships, creating added value and promising investment opportunities that support the maritime capabilities of Saudi ports.
Omar Hariri, the President of the Authority, stated that the continuous development of infrastructure at Jeddah Islamic Port aligns with “Mawani’s” efforts to enhance the Kingdom’s leadership in the maritime sector, boost its ability to stimulate the transport and logistics industry, and reinforce its economic and developmental role.
Jens Floe, CEO of the Red Sea Gateway Terminal, which manages and operates the Red Sea Gateway and North Container Terminals at Jeddah Islamic Port, mentioned that integrating the two terminals increased the terminal area from 700,000 square meters to 1,500,000 square meters and boosted the capacity from 2.5 million TEUs to 6.2 million TEUs.
The statement highlighted that the northern part of the port’s development is part of a build-operate-transfer contract between the Saudi Ports Authority and the Red Sea Gateway Terminal company.
The Saudi Ports Authority announced on Thursday the completion of the Red Sea Gateway Terminal expansion at the Jeddah Islamic Port, with investments amounting to 1 billion SAR ($266.6 million).
According to a statement from “Mawani,” the Saudi Ports Authority, quoted by the Transport and Logistics Services Minister and Chairman of the Authority, Saleh bin Nasser Al-Jasser, the completion of the northern part of the port’s development, in partnership with the private sector, will enhance operational capabilities, increase port capacity for trade and exports, and support maritime transport and supply chains.
Al-Jasser added that the completion of the infrastructure qualification and the dredging project would enable the port to accommodate mega ships, creating added value and promising investment opportunities that support the maritime capabilities of Saudi ports.
Omar Hariri, the President of the Authority, stated that the continuous development of infrastructure at Jeddah Islamic Port aligns with “Mawani’s” efforts to enhance the Kingdom’s leadership in the maritime sector, boost its ability to stimulate the transport and logistics industry, and reinforce its economic and developmental role.
Jens Floe, CEO of the Red Sea Gateway Terminal, which manages and operates the Red Sea Gateway and North Container Terminals at Jeddah Islamic Port, mentioned that integrating the two terminals increased the terminal area from 700,000 square meters to 1,500,000 square meters and boosted the capacity from 2.5 million TEUs to 6.2 million TEUs.
The statement highlighted that the northern part of the port’s development is part of a build-operate-transfer contract between the Saudi Ports Authority and the Red Sea Gateway Terminal company.
