PSA breaks ground on Saudi terminal project
PSA International (PSA) over the weekend broke ground on its first project in Saudi Arabia and the Arabian Gulf, the second container terminal at the King Abdul Aziz Port in Dammam, Seatrade Asia online reports.
When the terminal, at Saudia Arabia's largest Gulf port and key gateway port to the Arabian Gulf, is fully developed, it will have a quay length of 1,200 metres and 12 quay cranes, with a design capacity of 1.8m teu per annum.
The terminal is being built by Saudi Global Ports LLC (SGP), a joint-venture company formed between Saudi Arabia's Public Investment Fund (PIF) and PSA.
The SGP Terminal will invest in the latest equipment and technology to serve the fast growing economy of the kingdom and the regional economies of the Arabian Peninsula. Located close to Saudi Arabia's economic centre and capital city Riyadh, the SGP Terminal is linked by existing railway network and excellent highways to the rest of the country.
