Riyadh – Mubasher: The Saudi Global Ports Company (SGP), a unit of the Public Investment Fund (PIF), and Sany Heavy Industry, a China-based manufacturer of heavy equipment, inked a SAR 7 billion deal.

The Saudi Ports Authority (Mawani) announced the signing of the contract that aims to supply King Abdulaziz Port in Dammam with 80 electric trucks, according to a press release.

The agreement is part of a $3 billion contract signed in 2017 between Saudi Arabia and China Power Construction Group.  

In 2021, Sany deployed 77 units of equipment to help construct the King Salman Global Maritime Industries Complex.

Mawani recently added a new shipping service, dubbed TPA, to foster connectivity between King Abdul Aziz Port and several ports in China and the Pacific Ocean.

In October 2023, Mawani and Saudi Global Ports signed an agreement to build a SAR 1 billion logistics park at the port, which is set to attract local and international private sector investments.

Earlier this month, Mawani and the Port of Marseille Fos joined forces to boost cooperation across areas including digital transformation to develop smart ports.