• Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
Saudi Business News
Tuesday, May 13
21:00
40 °c
Riyadh
No Result
View All Result
Saudi Business News
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
No Result
View All Result
Saudi Business News
No Result
View All Result

HomeInvestmentSGP and SANY Seal $1.86 Billion Green Port Deal

SGP and SANY Seal $1.86 Billion Green Port Deal

Historic Investment to Modernize Saudi Ports

June 26, 2024
in Investment
Reading Time: 1 min read
153
SHARES
1.9k
VIEWS
Share on FacebookShare on XShare on LinkedInShare on Telegram

Saudi Arabia’s sovereign-led Saudi Global Ports Company (SGP) has joined forces with Chinese heavy equipment titan SANY in a landmark agreement valued at 7 billion riyals (approximately $1.865 billion). The collaboration is aimed at advancing sustainable practices within the nation’s port facilities.

In a historic move, SANY will provide 80 electric trucks to the King Abdulaziz Port in Dammam, marking the largest deal of its kind for the Chinese company. The announcement was made by the Saudi General Ports Authority (Mawani), emphasizing the significance of the contract.

RelatedPosts

Egypt-Saudi Investment Deals Boost Sectors

Energy Investment Agreement Boosts US-Saudi Partnership

Human Capital Investment Drives Saudi Arabia’s Growth

Omar bin Talal Hariri, who leads Mawani, lauded the agreement as a pivotal step towards enhancing and modernizing the King Abdulaziz Port. His vision is to transform the facility into a dynamic and sustainable logistic hub.

As part of the broader National Transport and Logistics Strategy, this initiative underlines Saudi Arabia’s ambition to establish itself as a premier global logistics center, strategically linking three continents.

Tags: electric trucksport modernizationSANYSaudi Global Portssustainable logistics
Share61Tweet38Share11Share

© 2025 Copyright, Saudi Business News

No Result
View All Result
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line

© 2025 Copyright, Saudi Business News

Go to mobile version