Saudi Global Ports has agreed on a deal to help double Riyadh Dry Port’s handling capacity to 1.5 million containers a year by 2030.
The SGP, which is sponsored by the Public Investment Fund, will collaborate with the Saudi Railway Company to strengthen connections between the dry port and the first and second container terminals at Dammam Seaport.
SGP plans to expand the dry port’s rail freight operations while also advancing a modernization initiative to update civil infrastructure and facilities, purchase new equipment, and invest in technologies such as automation and a unified digital platform.
SGP plans to expand the dry port’s rail freight operations
SGP Chairman Abdulla Al Zamil said that it is a “significant milestone” for the company as it seeks to grow beyond ports to become “an integrated cargo solutions provider.”
“With the support of Saudi Railway Company, we will work towards a quick and smooth transition and thereafter streamline the supply chain landscape for more efficient cargo movement between Dammam and Riyadh,” Al Zamil added.
The deal was struck following a public-private partnership tender process under the authority of the Kingdom’s Privatization Supervisory Committee.