Independent journal on economy and transport policy
13:40 GMT+1
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Saudi Global Ports has taken over the management of containerized traffic in the Saudi port of Dammam
The company is a joint venture between Public Investment Fund and PSA
October 6, 2020
SGP's investment plan, worth more than seven billion riyals (1.8 billion U.S. dollars), plans to increase the containerized traffic capacity of the Saudi port 7.5 million teu per year. Container traffic in 2019 1.82 million teu, with a 18.2% year-on-year increase. In the first eight months of 2020 container traffic at the Saudi port airport 1.21 million teu, down -1.9% on January-August period last year.
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SGP's investment plan, worth more than seven billion riyals (1.8 billion U.S. dollars), plans to increase the containerized traffic capacity of the Saudi port 7.5 million teu per year. Container traffic in 2019 1.82 million teu, with a 18.2% year-on-year increase. In the first eight months of 2020 container traffic at the Saudi port airport 1.21 million teu, down -1.9% on January-August period last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
