KING ABDULLAH PORT SIGNS AGREEMENT WITH AMSTEEL TO OPERATE FIRST BULK AND GENERAL CARGO TERMINAL BERTH
16/10/2017

King Abdullah Economic City, October 2017

King Abdullah Port has signed an agreement with AMSteel; a company specialized in operating ports and handling steel shipments. Through the agreement, AMSteel will operate the first bulk and general cargo terminal berth for a period of 25 years. King Abdullah Port management expects to operate the first bulk and general cargo terminal berth starting the second quarter of 2018.

“Signing this agreement comes within the framework of developing our capabilities in the field of bulk and general cargo,” said Eng. Abdullah M. Hameedadin, Managing Director of the Ports Development Company, owner and developer of King Abdullah Port. “It will enable us to actively contribute to promoting this industry due to its economic benefits and its support for the development journey in the Kingdom.”

He continued: “We at King Abdullah Port are keen to cooperate with entities that are experienced and knowledgeable in order to enable ourselves to develop business at the port and contribute to the development of the maritime transport industry in the Kingdom, in line with the objectives of Vision 2030.”

For his part, Mr. Hassan Al-Attas, Chairman of AMSteel, commented: “Since its establishment in 2015, AMSteel has been characterized by its outstanding successes in a short period of time, through its provision of clearance, logistics, storage, and door-to-door shipping services. It has also managed to win the trust of major customers both globally and locally, all seeking to benefit from the company’s services and experience in several projects.”

King Abdullah Port has been able to significantly develop its capacities; raising its annual throughput to 1.4 million TEU by the end of 2016. Additionally, the infrastructure’s annual capacity has reached four million TEU.

The management of King Abdullah Port expects the completion of the first phase of bulk and general cargo terminals with a capacity of three million tons, to be ready starting the second quarter of 2018.

King Abdullah Port, which is owned by the Ports Development Company, is the first privately owned, developed and operated port in the Kingdom. It is characterized by its strategic geographic location and its integrated services using the latest state-of-the-art technology and utilizing local and international experts. The port has been listed as one of the world’s largest maritime shipping lanes, and its development plan is proceeding at a steady pace and with a clear vision towards becoming one of the world’s leading ports.

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About King Abdullah Port

Strategically located on the Red Sea coast on one of the world’s busiest maritime shipping lanes and with direct access to extensive transportation networks and urban centers, King Abdullah Port is the first fully privately owned, developed and operated commercial port in the Kingdom of Saudi Arabia.

King Abdullah Port occupies a total area of 17 square kilometers and enjoys close proximity to King Abdullah Economic City’s Industrial Valley and the bonded zone. The port makes an increasingly important contribution to the Kingdom’s regional and global role in trade, logistics and shipping. Once fully built, King Abdullah Port will be able to handle 20 million containers (TEU), 1.5 million vehicles (CEU) and 15 million tons of clean bulk cargo every year.

With state-of-the-art processing facilities, the world’s deepest 18-meter water berths, expanding roll-on/roll-off operations, and a fully-integrated Port Community System, King Abdullah Port is capable of receiving today’s diverse mega cargo ships, fulfilling the growing needs of the young and fast-growing population of the Kingdom and the region.

King Abdullah Port is testament to the important role of the private sector in realizing Saudi Vision 2030 and is well on its way to meeting its goal of becoming one of the top ports worldwide.

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