The allocation of container areas in 8 Saudi ports with 2.2 billion investments

The Saudi Ports Authority has signed contracts for goods and containers in 8 ports in the kingdom in the form of ‘construction and operation’ for a 20 -year period, with a total investment of more than 2.2 billion Riyals. Saleh Al -Jasser, Saudi Minister of Transport and Logistics Services, emphasized on the sidelines of the signing ceremony of the contracts in Riyadh that these agreements enter the Ports Development Plan and to complete contracts that were previously signed with the private sector with a value of 16 billion Riyal, in addition to the contracts in Sudi- Billion Riyals. According to these contracts, the ‘Saudi World Wide Ports Company’ will take over the development, management and operation of multi -purpose stations in the eastern coastal of the government, and the ‘Red Sea Gate Station’ will also develop, manage and operate stations in the western coastal. Al -Jasser noted that the pumping investments have raised Saudi ports on international indicators, either in terms of linking, performance or the attraction of investment, in addition to a 17 -ranked jump on the World Bank’s World Bank. The development of the entire transport system said that the Minister of Saudi said that these agreements according to the plans of the national strategy for transport and logistics services that are in harmony with the “Vision 2030”, suggesting that the plans include the sector in all its aspects; The sky, the sea, the thick, the land, the roads, the logistics services and the post. Al -Jasser pointed out that the development plans included a large number of huge projects and large initiatives, including the development and expansion of airports, and the purchase of aircraft, which are numbered in confirmed purchase offers, 500 new aircraft, railway projects, the development of the port and the establishment of logistics areas, which include the public transport in the city transport, attract safety level for public transport investments and the increase and delivery services. Al -Jasser said that the multiple achievements of the sector made it an attractive field of investments, whether for national or international businesses with experience, adding that more contracts for awarding logistics regions will be signed to improve a partnership with the private sector.