|
| Owner |
: |
Saudi Ports AuthoritySaudi Ports Authority - Saudi Arabia
|
| Location |
: |
King Abdulaziz Port, Dammam , Al Sharqiyah , Saudi Arabia
|
| Development Type |
: |
BOT |
| Contract Type |
: |
BOT - Build, Operate, Transfer |
| Facility Type |
: |
Container terminal |
| Capacity |
: |
1.5 million TEUs
3 million containers a year |
|
| Background |
Saudi Ports AuthoritySaudi Ports Authority (SPA) plans to develop King Abdulaziz Port in Dammam, Saudi Arabia.
The project includes the construction of a second container terminal at the port to increase the container handling capacity from 1.5 million 20-foot equivalent units (TEUs) to 3 million TEUs. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| Q3 2012 |
BOT | Construction of container terminal expected to start
|
| 2014 |
Completion | Project expected to be completed
|
|
| Latest Events |
As of September 2011, Saudi Global Ports was in the process of setting up offices in KSA.
In Q3 2012, construction of the container terminal is expected to start.
In 2014, the project is expected to be completed. |
| Previous Events |
In July 2011, the BOT contract was signed between the Saudi Ports AuthoritySaudi Ports Authority and Saudi Global Ports, a joint venture between PSA International and Public Investment FundPublic Investment Fund. The contract signing was delayed from Q3 2008.
In February 2010, the project was under planning.
In 2007, the project was announced |
| Scope of Work |
Construction of a container terminal with a handling capacity of 1.5 million TEUs over an area of 60 hectares. |
| Financing Source |
Latham and Watkins and Mohammed Al Sheikh are the legal advisers. |
| Project News |
|
|
| Schedule | Contract Phase/Phase | Description |
| 2007 |
Announcement | Project announced
|
| Jul 2011 |
BOT | Contract signed between Saudi Ports AuthoritySaudi Ports Authority and Saudi Global Ports
|
| Q3 2012 |
BOT | Construction of container terminal expected to start
|
| 2014 |
Completion | Project expected to be completed
|
|
|
Standalone Project
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