Mawani Secures $586M Cargo Terminal Contracts
Deal News | Jun 23, 2025 | Zawya
The Saudi Ports Authority (Mawani) has entered into build-operate-transfer (BOT) contracts worth more than 2.2 billion Saudi riyals ($586 million) aimed at upgrading multipurpose cargo terminals across eight major ports in the Kingdom. Signed in the presence of top officials including Minister of Transport and Logistics Services, Saleh bin Nasser Al-Jasser, these 20-year concession agreements involve key operators such as Singapore's Saudi Global Ports (SGP) and Saudi-based Red Sea Gateway Terminal (RSGT). SGP will upgrade and manage terminals at four East Coast ports including King Abdulaziz Port in Dammam, while RSGT will oversee operations at four West Coast ports like Jeddah Islamic Port. The investments focus on modernising infrastructure and equipment, such as cranes and trailer fleets, to improve efficiency.
Sectors
- Logistics & Infrastructure
- Privatisation & Public-Private Partnership (PPP)
Geography
- Saudi Arabia – The contracts are for the development of cargo terminals across various major ports located in Saudi Arabia.
- Singapore – Singapore is relevant as it is the headquarters of Saudi Global Ports, a key participant in the BOT contracts.
Industry
- Logistics & Infrastructure – The article discusses the signing of BOT contracts for cargo terminals at key Saudi Arabian ports, involving significant infrastructure development and operations management.
- Privatisation & Public-Private Partnership (PPP) – The contracts signed are under the privatisation initiative and Public-Private Partnership (PPP), falling under their BOT model, indicating an industry trend towards private management of public assets.
Financials
- 2.2 billion Saudi riyals ($586 million) – The value of the build-operate-transfer (BOT) contracts for the cargo terminal privatisation.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Saudi Ports Authority (Mawani) | Target | Government | The Saudi Ports Authority, overseeing the Kingdom's ports. |
| Saudi Global Ports (SGP) | Bidding Company | Company | A Singapore-based company managing and developing port operations on Saudi Arabia's East Coast. |
| Red Sea Gateway Terminal (RSGT) | Bidding Company | Company | A partnership firm handling operations on the West Coast, comprised of Red Sea Gateway Terminal and the Malaysian Mining Company. |
| National Centre for Privatisation and PPP | Other (PPP Facilitator) | Government | An entity facilitating privatisation and public-private partnership initiatives in Saudi Arabia. |
| PSA Group | Other (Parent Company) | Company | The Singapore-headquartered parent of Saudi Global Ports. |