Logistics village to be built at King Abdul Aziz Seaport in Dammam

By Davis Thattil | Dec 25, 2017
King Abdul Aziz Seaport in Dammam has invited bids for the project to establish an integrated Logistics Village to be built through BOT financing (build, operate and transfer). The project cost is estimated to be between SR700 million and SR1 billion. 

Walid Faris, deputy director of the seaport has informed that the National and joint ventures with international companies are invited to bid for the project which will generate a large number of job opportunities for the Saudi youth whether directly through the contractor or indirectly through the various investment opportunities it will create. According to reports, bid documents are available from the authority at a cost of SR30,000 and a deadline has been set to submit fully furnished documents on 8th April 2018.

He said the project, with a franchise of 20 years, will be built on an area of about a million sq. meters and will raise the efficiency of the seaport and increase its intake capacity which will enable it to cope up with the rapid increase in the handling of goods. Faris said the winner will have to make the blueprints for the construction and operation of the village.

He said the project was one of the schemes the Saudi Ports Authority (SPA) is working on to raise the efficiency of the Kingdom’s seaports making them more attractive to the investors. He said the Dammam port, in collaboration with the Customs Department, has launched an initiative to clear the containers within 24 hours of their arrival.


Send your Comments

  1.    
     
     
      
       

 
      Print                     Subscribe

Follow Us

 

More ad in this place