Hutchison Ports invests in Saudi Arabia
In Saudi Arabia, the Royal Commission in Jubail and Yanbu and Hutchison Ports have inked an agreement to invest and operate JCPDI Port, which consists of multipurpose terminals within the Jazan City for Primary and Downstream Industries (JCPDI).
Due to the pandemic, it was an online signing ceremony attended, amongst others, by Eng. Abdullah bin Ibrahim Al-Saadan, chairman of the Royal Commission for Jubail and Yanbu, and Eric Ip, group managing director of Hutchison Ports.
Developed over two phases, the multipurpose port will consist of a container terminal and a general cargo and dry-bulk terminal. Commercial operations of phase I will launch this year starting with the latter terminal.
Subsequently, phase I of the container terminal is expected to start commercial operations in early 2022 and offer 730 m of berth.
The Royal Commission for Jubail and Yanbu was established in 1975 as an independent organisation of the Saudi Arabian government, whose mission is to plan, establish and develop industrial cities. (cd)