01FEB2019 - NEWS - Saudi Industrial Services Company and Saudi Ports Authority inks MoU for the expansion of Jeddah Islamic Port in Jeddah, Saudi Arabia

Red Sea Gateway Terminal (RSGT) which is a subsidiary of Saudi Industrial Services Company (SISCO), and Saudi Ports Authority (Mawani), have recently signed a memorandum of understanding (MOU) for further expansion of Jeddah Islamic Port (JIP) in Jeddah, Saudi Arabia. Under the MOU, which was signed on January 28, 2019, the parties intend to further develop northern part of JIP on a long-term basis, in addition to RSGT’s existing terminal. JIP is Saudi Arabia’s largest seaport, handling approximately 50% of the all containerized volume of the country. Specifically, RSGT will consolidate the container facilities in northern part of Jeddah Port and execute a comprehensive development plan upgrading and adding berth capacity while modernizing yard and all support facilities, including RSGT’s existing terminal.

Published by Editor - www.Livebunkers.com at 01-Feb-2019 06:15:40 [UTC] , contact editor at editor@livebunkers.com