PSA International-backed Saudi Global Ports (SGP) is set to transform the King Abdulaziz Port into a “mega container hub” as part of an SGD 2.6bn ($1.8bn) investment.
News of the project comes as SGP sealed a fresh build, operate and transfer (BOT) agreement with the Saudi Ports Authority for the first and second container terminals at the Dammam-based facility, making it the sole container terminal operator of the port.
