Saudi Arabia’s Minister of Transport and Logistic Services and Chairman of the Saudi Ports Authority (Mawani), Saleh Al-Jasser, today witnessed the signing of landmark privatization contracts for multipurpose cargo terminals across eight Saudi ports. The agreements, executed in collaboration with the National Center for Privatization, are structured under a 20-year Build-Operate-Transfer (BOT) model with total private sector investments exceeding SAR 2.2 billion.
Saudi Global Ports
The contracts were signed with national operators Saudi Global Ports (SGP) and Red Sea Gateway Terminal. Moreover, SGP will oversee terminals on the Kingdom’s eastern coast—King Abdulaziz Port in Dammam, Jubail Commercial Port, King Fahd Industrial Port in Jubail, and Ras Al-Khair Port. Red Sea Gateway Terminal will also manage those on the western coast—Jeddah Islamic Port, Yanbu Commercial Port, King Fahd Industrial Port in Yanbu, and Jazan Port.
Moreover, Al-Jasser emphasized that continued private investment highlights the competitiveness of Saudi Arabia’s ports and logistics sector. He noted strong interest from both local and global logistics companies and pointed to the sector’s rapid progress in operational efficiency, cargo throughput, and global maritime connectivity.
Mawani
He affirmed that expanding public-private partnerships is a key part of the Kingdom’s transport and logistics ecosystem. This aligns with the National Transport and Logistics Strategy and Vision 2030. The new agreements build on existing collaborations between Mawani and top national and international firms. They also aim to strengthen maritime transport, diversify the economy, and make Saudi Arabia a global logistics hub.
The contract for King Fahd Industrial Port in Yanbu includes infrastructure upgrades such as expanded container handling capacity and the deployment of advanced ship-to-shore (STS) and rubber-tired gantry (RTG) cranes, trucks, and trailers. Finally, these enhancements are expected to significantly improve operational efficiency by reducing truck turnaround times and vessel berthing durations.
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