HomeBusinessHalf a Billion Dollars into the Port: Jubail Prepares for Major Modernization

Half a Billion Dollars into the Port: Jubail Prepares for Major Modernization

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The Saudi Ports Authority has signed an agreement with Saudi Global Ports for the development, operation, and management of the container terminal at Jubail Commercial Port. The total volume of private investment in the project exceeds SAR 2 billion, which is equivalent to more than $500 million.

Under the agreement, the operator will carry out a large-scale modernization of the terminal. Plans include extending the quay line to approximately 1,400 meters and deepening the berth area to 18 meters. In addition, the terminal will receive new port cranes and other modern cargo-handling equipment, enabling faster and more efficient operations.

Upon completion of the project, the terminal’s annual handling capacity will increase to 2.4 million TEU, allowing the port to accommodate larger container vessels and strengthen its position within the regional logistics network.

The project is part of Saudi Arabia’s strategy to develop its transport and port infrastructure. In recent months, Mawani has also signed a number of agreements with private investors for the construction of logistics centers and warehousing facilities at the Kingdom’s ports, aiming to transform the country into one of the Middle East’s key logistics hubs.

Read also: Japanese investments will help deliver major offshore wind projects off the coast of the United Kingdom

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