Saudi Ports Authority Inks Several Capital Contracts


The Arab News reports that Abdul Aziz Al-Tuwaijri, president of Saudi Ports Authority, on Sunday inked a number of contracts for the development and maintenance of ports at a cost of SR500 million (approx. USD 133,3 million).

The signing ceremony was attended by Transport Minister Jabara Al-Seraisry.

These contracts are as follows:

– Three contracts are for King Abdul Aziz Port in Dammam where two wharfs will be established to handle bulk goods at a cost of SR170 million. The contract was won by Huta Hegerfeld Saudia, an official SPA statement said.

– An SR53 million contract has been signed with Al-Balagha Trading Group to rent King Fahd Shipyard at the port for 10 years.

– Two contracts were signed for King Fahd Industrial Port in Yanbu where a new wharf will be constructed at a cost of SR129 million for Yasref refining company to export petroleum products. China Harbor Engineering Co. won the contract.

– The second contract worth SR33 million to build a 109-meter high marine tower was received by Advanced Contracting.

– The Jazan Port received an SR60 million contract to develop its electricity power network and the project will be carried out by Ibn Omaira Establishment.

– Two wharfs will be constructed at Dhuba Port at a cost of SR24 million by Marine Service Projects Co.

World Maritime News Staff, March 6, 2012