APM Terminals and DP World have signed a new partnership to operate the Southern Container Terminal at Jeddah Islamic Port in Saudi Arabia. Under the terms of the new partnership, APM Terminals will acquire a 37.5% minority stake in the terminal, while DP World will retain a 62.5% majority shareholding and continue to lead operations at the facility.
Further content is only available for registered users.
Since securing the 30-year Build-Operate-Transfer (BOT) concession in 2019, DP World has delivered a major upgrade and expansion of the Southern Container Terminal, significantly increasing capacity, improving efficiency and raising sustainability standard. Separately, both DP World and Maersk have made significant investments in integrated logistics capacity within Jeddah Islamic Port, linking the quay to warehousing, distribution and inland transport networks.
“Saudi Arabia is a strategic market for DP World, and Jeddah Islamic Port has been central to our growth in the Kingdom for more than two decades. We have transformed the Southern Container Terminal into a modern, high-capacity gateway, further strengthening Jeddah’s position as a leading Red Sea hub in support of Saudi Arabia’s Vision 2030,” said Yuvraj Narayan, Group CEO of DP World. “This partnership reflects the confidence global industry leaders place in DP World’s capabilities and the world-class terminal we have developed in Jeddah Islamic Port.”