DP World completes Jeddah Port development plan

DP World completes Jeddah Port development plan
DP World is the main investor in Jeddah Port
DP World DPW 3.15% 23.55 0.72

By: Amr Adel

Dubai – Mubasher: DP World has completed the plan for developing Saudi Arabia's Jeddah Port, said chairman and CEO Sultan bin Sulayem, adding that the scheme was submitted it to the Saudi Ports Authority (MAWANI) for approval.

The main investor in Jeddah Port, DP World aims to expand investments in the logistics sector, warehousing, re-exporting, and ports sector in Saudi Arabia, bin Sulayem added.

DP World is operating the Southern Containers Station in Jeddah that links between East and West through the Red Sea.

Jeddah Port is deemed the most important hub in the kingdom as it serves the commercial centres.

DP World aims to expand its business in Jeddah Port in line with the Saudi Vision 2030, as well as launching the mega project Neom which will attract further investments and expansions, bin Sulayem concluded.


Translated by: Mohamed Hesham Azab

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Source: Mubasher Exclusive