Mubasher: Gulf Stevedoring Contracting Company (GSCCO), a Sharjah-based subsidiary of Gulftainer group, announced it has signed an agreement with Red Sea Marine Services Company Limited to manage and operate King Fahad Industrial Port (KFIP) in Yanbu, Saudi Arabia.

Under the agreement, GSCCO will handle different types of cargo at KFIP, including containers, break-bulk cargo, vehicles, and bulk cargo, bringing its portfolio of terminals in Saudi Arabia to four, according to a press release.

GSCCO’s long-term plans include investments in additional equipment on an extended quay in line with the Saudi Vision 2030 objective aiming to make the kingdom a primary hub for logistics and transportation.

Richard James, managing director of GSCCO, said: “We are delighted at the well-earned trust that Mawani continues to place in GSCCO, and are truly excited at the potential to develop KFIP in Yanbu into another industry-leading port.

"In line with the strong commitment to the maritime and logistics industry expressed in the Saudi Vision 2030, we look forward to providing best-in-class services to the communities and markets around Yanbu and throughout the Northwest of the country,” he added.