Saudi’s Mawani signs $267m contracts for marine services 

SPA

Saudi Ports Authority (Mawani) has signed four contracts with private companies for maritime services at eight ports, with investments exceeding SAR1 billion ($267 million).

The contracts were signed with Zamil Marine Services and Naghi Marine Company, the ports operator said in a statement.

Zamil Marine Services will provide services at the Jeddah Islamic Port, Jazan Port, Ras Al Khair Port, King Fahd Industrial Port in Jubail, and Jubail Commercial Port. 

Naghi Marine will offer services at King Abdulaziz Port in Dammam, Yanbu Commercial Port and King Fahd Industrial Port in Yanbu.

These contracts will expand the partnership with the private sector, improve the operational efficiency of maritime services in ports and renew the fleet through investment in 44 new maritime units, said Saleh Al-Jasser, minister of transport and logistic services and chairman of Mawani.

He disclosed that the private sector’s participation in privatisation projects during the first half of 2023 crossed SAR17 billion. 

Mohanad Basudan, CEO of the National Center for Privatisation, said the centre is currently working on presenting 200 vital projects, which will improve the quality of the services and the operational efficiency of government assets.”