{"id":26128,"date":"2019-12-23T17:02:05","date_gmt":"2019-12-23T13:02:05","guid":{"rendered":"https:\/\/blog.dubaicityguide.com\/site\/?p=26128"},"modified":"2019-12-23T17:02:05","modified_gmt":"2019-12-23T13:02:05","slug":"dp-world-awarded-30-year-concession-for-the-south-container-terminal-at-jeddah-islamic-port","status":"publish","type":"post","link":"https:\/\/blog.dubaicityguide.com\/site\/dp-world-awarded-30-year-concession-for-the-south-container-terminal-at-jeddah-islamic-port\/","title":{"rendered":"DP World Awarded 30-Year Concession For The South Container Terminal At Jeddah Islamic Port"},"content":{"rendered":"

Global trade enabler DP World has been awarded a 30-year Build-Operate-Transfer (BOT) concession by the Saudi Ports Authority (Mawani), for the management and development of the Jeddah South Container Terminal at the multi-purpose Jeddah Islamic Port.<\/p>\n

Under the agreement, DP World will invest up to $500 million to improve and modernise the Jeddah Islamic Port, including major infrastructure development to enable the Port to serve the ultra-large container carriers (ULCC\u2019s), which are considered the world\u2019s largest mega containerships.<\/p>\n

Established in 1976, the Jeddah Islamic Port is on the red sea and the largest port in the Kingdom of Saudi Arabia with annual volumes of over 6 million TEU\u2019s. As a crucial link on the world\u2019s busy east-west trade route and the Kingdom\u2019s main commercial centres, the Port currently handles approximately 60% of the country\u2019s sea-imports and is a strategic hub that connects East-West cargo.<\/p>\n

Developing Jeddah Islamic Port will contribute to achieving Saudi Vision 2030 as the project is considered a key milestone towards achieving the targets of The National Industrial Development and Logistics Vision Realization Program, one of the Vision\u2019s major initiatives. The concession will also be instrumental in facilitating the smooth and efficient movement of cargo and greater access to local and international markets. DP World has operated the South Container Terminal on a lease agreement for more than 20 years.<\/p>\n

As the main trade destination for Saudi Arabia and one of the Kingdom\u2019s major port privatisation projects, the new terminal will also have an upgraded capacity of 3.6mn TEU up from 2.4mn TEU, to meet the expected growth demands of the future, and will provide 1,400 jobs.<\/p>\n

Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO,<\/strong> said: \u201cDP World is honoured to support the Kingdom\u2019s 2030 growth vision through this new concession to transform the country into a global logistics hub. We have committed to investing significantly to modernise the Jeddah South Container terminal, which will not only result in greater direct and indirect job creation but also deliver best-in-class efficiency and productivity to the Port\u2019s operations.\u201d<\/p>\n

Bin Sulayem<\/strong> added, \u201cWe look forward to leveraging our strategic partnership with Mawani and the Ministry of Transport and National Centre for Privatisation to collaboratively develop the Kingdom\u2019s trade ecosystem while enhancing the nation\u2019s competitiveness. Beyond the terminal, our ambition is to develop inland connectivity across the Arabian Peninsula between Jeddah and Jebel Ali Port in Dubai, as well as to Saudi Arabia\u2019s cities through smart technology-led logistics, which should support further growth in this strategic hub that connects East-to-West.\u201d<\/p>\n

In line with DP World\u2019s mission to transform container terminal operations through technology driven innovation, the South Container Terminal will become successfully state of the art facility with advanced infrastructure and fully commissioned smart services that ensure transparency of transactions and greater facilitation of trade.<\/p>\n

DP World Group Chairman and CEO held a signing ceremony of the BOT concession at the Jeddah Islamic Port on 23rd<\/sup> December at the Jeddah Islamic Port, in attendance of Makkah Acting Governor, HRH Prince Badr bin Sultan bin Abdul Aziz Al Saud, H.E Engineer Saleh bin Naser Al Jasser, Minister of Transport and Mawani\u2019s Chairman of the Board, H.E Bandar Alkhorayef, Minister of Industry and Mineral Resources, HE Saad Al Khalb, President of Mawani and HE Sheikh Shakbout bin Nahyan Al Nahyan, UAE Ambassador to the UAE<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Global trade enabler DP World has been awarded a 30-year Build-Operate-Transfer (BOT) concession by the Saudi Ports Authority (Mawani), for the management and development of the Jeddah South Container Terminal at the multi-purpose Jeddah Islamic Port. Under the agreement, DP World will invest up to $500 million to improve and modernise the Jeddah Islamic Port, […]<\/p>\n","protected":false},"author":1,"featured_media":26130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/26128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/comments?post=26128"}],"version-history":[{"count":1,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/26128\/revisions"}],"predecessor-version":[{"id":26131,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/26128\/revisions\/26131"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media\/26130"}],"wp:attachment":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media?parent=26128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/categories?post=26128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/tags?post=26128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}