Riyadh – Mubasher: The Saudi Ports Authority (Mawani) has signed a container terminal privatization contract at Jubail Commercial Port with Saudi Global Ports (SGP), with investments exceeding SAR 2 billion.
The deal will increase the terminal’s handling annual capacity to 2.4 million twenty-foot equivalent units (TEUs), according to the company’s statement.
The partnership will enhance operational efficiency and drive the growth of commercial traffic.
Mawani recently launched a new “SRS” shipping service by Emirates Shipping Line to Jeddah Islamic Port to bolster the Kingdom’s connectivity with international markets.
Last month, the company teamed up with Folk Maritime and SABIC to roll out a new Red Sea Express container shipping service to King Fahd Industrial Port.
