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Saudi Global Ports awarded concession to operate Riyadh dry port Ecosystem

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RIYADH : Saudi Global Ports (SGP) has been awarded a concession by the Saudi Railway Company (SAR) to develop and operate the Riyadh Dry Port (RDP) Ecosystem, comprising three facilities in Riyadh and Dammam, following a public private partnership tender process under the authority of the Kingdom of Saudi Arabia’s Privatization Supervisory Committee.

SGP is the container terminal operator of King Abdul Aziz Port Dammam (Dammam Seaport), and is a joint venture between PSA International and the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund.

SGP plans to develop and operate RDP and Dammam Seaport as an integrated system, to improve logistics network flow efficiencies and reduce logistics costs in Saudi Arabia. It will also collaborate with SAR and various stakeholders to provide multimodal and cargo solutions for market needs, and grow RDP’s rail freight activities.

Regional CEO of Middle East South Asia and Head of Group Business Development Wan Chee Foong, said: “We thank Saudi Railway Company for their trust and confidence in Saudi Global Ports. As a leading global port operator and partner to cargo stakeholders, PSA strives to provide innovative digital and cargo solutions to businesses and governments around the world. We will continue to work closely alongside Saudi Global Ports and Saudi Railway Company with a common vision to transform Riyadh Dry Port into a resilient and sustainable supply chain ecosystem, to benefit the Kingdom of Saudi Arabia and beyond.”

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