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 …
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Source: The Loadstar