DP World has been awarded a 30-year Build-Operate-Transfer (BOT) concession by the Saudi Ports Authority (Mawani), for the management and development of the Jeddah South Container Terminal. Under the terms of the agreement, DP World will invest up to US $500 million to improve and modernise the facility, including major infrastructure development to enable the port to serve the world’s largest container ships.
DP World, which has operated the South Container Terminal on a lease agreement for more than 20 years, will invest to boost capacity from. 2.4 million teu to 3.6 million teu annually. The company also plans to create inland connections between Jeddah and the UAE and also to upgrade smart technology at the Jeddah South terminal to facilitate trade and ensure greater transparency of transactions.