Sustained Infrastructure Holding Company (Sisco) has announced that its key subsidiary, Red Sea Gateway Terminal (RSGT), has signed 20-year build, operate and transfer (BOT) concession agreements to operate four multi-purpose terminals in the Red Sea.

Under the terms of the concessions, RSGT will take over the existing facilities at King Fahd Industrial Port Yanbu, Yanbu Commercial Port, the Port of Jazan, and Jeddah Islamic Port multi-purpose and ro-ro terminal, said Sisco in its filing to Saudi bourse Tadawul.

 Over the full 20-year term of the concession, RSGT will invest a total of SAR1.569 billion ($418 million) in upgrading the four facilities, it stated.

 During the first five years of the concessions, RSGT will invest SAR672 million in infrastructure, equipment and technology to bring the four facilities to world-class operational standards.

 As part of the project, the newly acquired general cargo, dry and liquid bulk, Ro/Ro and livestock terminals will be run by RSGT’s 100 per cent owned recently established Multi-purpose Terminals (MPT) entity, which will manage all non-containerised port facilities within the expanding RSGT portfolio.

Meanwhile, Saudi Global Ports (SGP) Group has announced that its key subsidiary – Modern Port Services Company – has been awarded four 20-year concession agreements by the Saudi Ports Authority (Mawani) to operate multipurpose terminals along the Eastern coast of Saudi Arabia.

These are located at King Abdulaziz Port Dammam (KAPD), Jubail Commercial Port (JCP), King Fahad Industrial Port Jubail (KFIP) and Ras Al Khair Port (RAK). 

An established terminal operator in the kingdom, Saudi Global Ports Group is currently the operator of container terminals at KAPD and the rail intermodal Riyadh Dry Port Ecosystem (Riyadh Dry Port, Riyadh Empty Yard and Dammam Empty Container Yard) and also has an ongoing investment to develop the Dammam Integrated Logistics Zone.