Saudi International Ports ink deal to double Riyadh Dry Port capability

Saudi International Ports has agreed a deal to assist double Riyadh Dry Port’s dealing with capability to 1.5 million containers/annum by 2030, Arab Information reported.

The Public Funding Fund-backed SGP will work with the Saudi Railway Firm to enhance connections between the dry port and Dammam Seaport, the place it operates the primary and second container terminals.

SGP will search to develop the dry port’s rail freight actions, in addition to pushing forward with a modernisation programme to improve civil infrastructure and services, procure new gear and spend money on applied sciences, equivalent to automation and a unified digital platform.

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SGP is operated by PSA Worldwide, which additionally has operations in Singapore and Antwerp.

SGP Chairman Abdulla Al Zamil stated the settlement is a “important milestone” for the corporate because it seeks to develop past ports to turn into “an built-in cargo options supplier.”

He added: “With the help of the Saudi Railway Firm, we are going to work in the direction of a fast and easy transition and thereafter streamline the provision chain panorama for extra environment friendly cargo motion between Dammam and Riyadh.”

The settlement was reached following a public personal partnership tender course of beneath the authority of the dominion’s Privatisation Supervisory Committee.

It was signed through the inaugural Saudi-Singapore Joint Committee held in Riyadh on December 7.

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