The BOT contract will turn Jeddah Islamic Port into the largest container terminal in the kingdom, with investments worth SR6.6 billion.
Mawani to award 12 port development contracts
01 January 2021
Saudi Ports Authority (Mawani) has signed a 30-year-long build-operate and transfer (BOT) contract to develop the northern part of Jeddah Islamic Port, making it the largest container terminal in the kingdom, with investments worth SR6.6 billion ($1.75 billion).
In cooperation with the National Privatization Center and the Ministry of Transport, Mawani also aims to award 12 such BOT contracts to the private sector, reported the Saudi Gazette, citing a senior official.
Mawani President Engineer Saad Alkhalb said that the authority’s foray into awarding contracts on BOT basis was a successful one, as its productivity exceeded the expected rates by about 10 per cent during the six-month period following its operation.
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