Saudi Arabia launches 12 tenders for port development

Saudi Arabia intends to launch 12 port development investment deals in 2022 as part of plans to privatize its maritime industry, a local newspaper reported on Tuesday.

The Saudi Ports Authority (Mawani) will invite the private sector to “seize” these investment opportunities which concern at least 8 ports in various areas of the Gulf Kingdom, the Arabic-language daily Aliqitisadia reported.

The newspaper cites a statement by Mawani that all contracts to be awarded to local and foreign companies would be on a “BOT” (build-operate-transfer) basis.

“These projects cover various works in the Kingdom’s ports on the Gulf and Red Sea…all of these investment opportunities will be launched this year,” the statement said.

They cover container and freight services, other maritime services and facilities, towing, firefighting and pollution response services, he added.

The statement noted that the projects, which are part of the Kingdom’s Vision 2030 economic diversification program, aim to “make the country a major maritime logistics hub”.

In the first quarter, Mawani, in cooperation with the National Center for Privatization and PPPs (NCP), rolled out public-private partnership (PPP) projects to eight multipurpose terminal concessionsand for maritime services in Saudi ports.

In April, Mawani said it had received expressions of interest (EOIs) from 64 companies for the PPP Marine Services project.

(Writing by Nadim Kawach; Editing by Anoop Menon)

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