Saudi Arabia’s Red Sea coast King Abdullah Port (KAP) has signed an agreement with AMSteel, a company that specialises in handling steel shipments at ports. As a result AMSteel will operate KAP’s first bulk and general cargo terminal berth for a period of 25 years. The Saudi port’s management expects the new facility, which will have an annual capacity of around 3 million tonnes, will start operations in the second quarter of 2018.
Hassan Al-Attas, chairman of AMSteel, commented: “Since our establishment in 2015, we have achieved some outstanding successes through the provision of clearance, logistics, storage, and door-to-door shipping services. We have also managed to win the trust of major customers both globally and locally.”
The new bulk and general cargo port will complement KAP’s existing container handling facilities, which handled around 1.4 million teu last year. The capacity of the port’s container terminal is now around 4 million, giving it further growth potential as both a transshipment hub and gateway to the Saudi market.