Groundbreaking at King Abdul Aziz Port
A groundbreaking ceremony has marked the official start of construction of the second container terminal in the King Abdul Aziz Port in Dammam.
This is the largest Gulf port in the Kingdom of Saudi Arabia and a key gateway port on the Arabian Gulf. The project is being run by Saudi Global Ports LLC (SGP), a joint venture company formed between the Public Investment Fund of the Kingdom of Saudi Arabia and PSA International.
Dammam represents PSA International’s first port infrastructure project in the Kingdom of Saudi Arabia and the Arabian Gulf.
The project “reflects the keen interest” of the Public Investment Fund in the development of the Kingdom’s infrastructure sector in general and the transport sector, said Mr Abdul Rahman Mohammed Al Mufadhi, Secretary General of the Public Investment Fund. He also announced a loan to SGP for the financing of the project.
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