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Dammam’s King Abdulaziz Port sees massive improvement in USD1.9B development project
(MENAFN) The Saudi Ports Authority, also known as Mawani, on Tuesday, started a venture valued at SR7 billion (nearly USD1.9 billion) to improve and make advancements into two container terminals at the King Abdulaziz Port in Dammam.
The venture has been given to the Saudi Global Ports on a build-function-transfer basis. Mawani leader Omar Hariri, SGP Chairman Abdullah Al-Zamil, as well as many senior representatives joined the massive ceremony.
The venture looks to advance the national maritime watchdog a footstep near to understanding its Saudi Vision 2030-inspired roadmap circulated around improving port processes as well as modernizing infrastructure to establish a surging and maintainable ecosystem. It is going to also support the authority reach the targets set by the National Transport and Logistics Strategy to place the nation as a worldwide logistics destination linking three continents.
The concession is going to operate on refurbishing berths and services via the port’s first container terminal, grow berths and repair the container yard within the second container terminal to allow the Arabian Gulf center to control large containerships.
The venture has been given to the Saudi Global Ports on a build-function-transfer basis. Mawani leader Omar Hariri, SGP Chairman Abdullah Al-Zamil, as well as many senior representatives joined the massive ceremony.
The venture looks to advance the national maritime watchdog a footstep near to understanding its Saudi Vision 2030-inspired roadmap circulated around improving port processes as well as modernizing infrastructure to establish a surging and maintainable ecosystem. It is going to also support the authority reach the targets set by the National Transport and Logistics Strategy to place the nation as a worldwide logistics destination linking three continents.
The concession is going to operate on refurbishing berths and services via the port’s first container terminal, grow berths and repair the container yard within the second container terminal to allow the Arabian Gulf center to control large containerships.
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