SGP unveils mega-hub ambitions as it takes over second terminal at KAPD

PSA subsidiary Saudi Global Ports (SGP) wants to make King Abdulaziz Port Dammam (KAPD) into Saudi Arabia’s leading container hub, with a $1.8bn investment.
SGP has operated Dammam’s second container terminal since it opened in 2015, and last week it took over the port’s first terminal, following a build operate and transfer agreement with Saudi Ports Authority.
Hutchison Ports Dammam had held terminal concession for 23 years, but lost out to SGP’s …

The post SGP unveils mega-hub ambitions as it takes over second terminal at KAPD appeared first on The Loadstar.

Source: The Loadstar

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