King Abdulaziz Port Expansion

Objective

Capacity Boost: The expansion, operated under a 30-year concession by SGP (a JV between PIF and PSA International), aims to increase the port's total container handling capacity to 7.5 million TEUs. Terminal Upgrades: Terminal 2 has been expanded with an additional 225-meter quay, bringing the total length to 925 meters, allowing two ultra-large container vessels (ULCVs) to berth simultaneously. Integrated Logistics Zone: A 1 million sq m logistics zone is being developed with SAR 1.3 billion investment, featuring modular warehouses, cold chain storage (down to -20°C), and specialized areas for hazardous goods.

Description

As a key eastern node, Dammam facilitates seamless, faster sea-to-rail transit, reducing freight time between India and Europe by up to 40%. By integrating with rail networks connecting to the UAE and onward to Haifa, the upgraded Dammam port, featuring advanced cold chain and container handling, positions Saudi Arabia as a central logistics hub in this strategic, multi-modal trade

Finance