Saudi Ports Authority unveils investment opportunities to develop, operate multi-purpose terminals

Saudi Ports Authority (MAWANI) has announced investment opportunities for the private sector to develop and operate multi-purpose terminals in eight Saudi ports.

The move is being carried out by MAWANI’s supervisory committee for privatization in the transport sector and in cooperation with the Ministry of Transport and Logistic Services (MOTLS) and the National Center for Privatization & PPP (NCP).

The initiative comes in line with the objectives of the National Strategy of Transport and Logistics Services. It also contributes to promoting Saudi Arabia’s economic growth, developing local services in the ports sector, and raising the competitiveness of Saudi ports regionally and globally.

The promising opportunities are represented in build-operate-transfer (BOT) structure for terminals in each of Jeddah Islamic Port, King Abdulaziz Port in Dammam, Ras Al-Khair Port, Jizan Port, Yanbu Commercial Port, King Fahad Industrial Port in Jubail, King Fahad Industrial Port in Yanbu, and Jubail Commercial Port, equipping the ports to serve various functions including containers, general cargo, bulk cargo, RoRo cargo, passengers, and livestock.

The initiative is part of the plan to strengthen the partnership between the public and private sectors in ports and logistics services. This is in addition to optimizing utilization of assets and increasing operational efficiency in this vital sector.

MAWANI has invited all interested investors to review the Expression of Interest (EOI) document by visiting NCP’s website. Interested investors should submit their EOI’s on the following link: https://mwni.co/STO-En.
Source: Saudi Gazette