MAWANI signs 4 maritime services deals worth over SAR 1B for 8 ports

Saudi Ports Authority signed today, Dec. 24 four deals maritime service contracts, exceeding SAR one billion in private sector investments.

The Authority announced these contracts were signed with Zamil Offshore Services Co. and Naghi Marine Co. for eight ports, in collaboration with Ministry of Transport and Logistics Services and the National Center for Privatization.

Minister Saleh Al-Jasser stated the contracts will enhance partnerships with the private sector, boost logistics and port competitiveness, improve service efficiency, and include investment in 44 new maritime units.

Al-Jasser highlighted that these agreements will boost private sector involvement in transport and logistics, with over SAR 17 billion in private investments in the first half of 2023, aligning with Saudi Vision 2030.

Mohannad Basodan, CEO of the National Center for Privatization, mentioned the contracts for privatizing maritime services in eight ports and the center's ongoing 200 vital projects to enhance service quality and government asset efficiency.

The contracts distribute maritime services across eight ports. Zamil Offshore Services will operate in five ports, while Naghi Marine will cover services in three other ports.