AMSteel has signed an agreement with King Abdullah Port in Saudi Arabia. Through this agreement, AMSteel will operate the first bulk and general cargo terminal berth for 25 years.
“Signing this agreement comes within the framework of developing our capabilities in the field of bulk and general cargo,” said Eng. Abdullah M. Hameedadin, Managing Director of the Ports Development Company, owner and developer of King Abdullah Port.
“It will enable us to actively contribute to promoting this industry due to its economic benefits and its support for the development journey in the Kingdom,” he added.
“We at King Abdullah Port are keen to cooperate with entities that are experienced and knowledgeable in order to enable ourselves to develop business at the port and contribute to the development of the maritime transport industry in the Kingdom, in line with the objectives of Vision 2030,” Hameedadin added.Hassan Al-Attas, Chairman of AMSteel, commented: “Since its establishment in 2015, AMSteel has been characterised by its outstanding successes in a short period of time, through its provision of clearance, logistics, storage, and door-to-door shipping services. It has also managed to win the trust of major customers both globally and locally, all seeking to benefit from the company’s services and experience in several projects.”
King Abdullah Port has been able to significantly develop its capacities; raising its annual throughput to 1.4 million TEU by the end of 2016. Additionally, the infrastructure’s annual capacity has reached four million TEU.
The management of King Abdullah Port expects the completion of the first phase of bulk and general cargo terminals, with a capacity of 3 million t, to be ready starting 2Q18. AMSteel has signed an agreement with King Abdullah Port which will give the company control over operations at the first bulk and general cargo terminal berth at the port.
Read the article online at: https://www.drybulkmagazine.com/ports-terminals/08112017/amsteel-to-operate-first-bulk-and-general-cargo-terminal-berth-at-king-abdullah-port/