APM Terminals Acquires 37.5% Stake in Jeddah Islamic Port's South Container Terminal
APM Terminals has agreed to acquire a 37.5% stake in the South Container Terminal at Jeddah Islamic Port, partnering with DP World, which retains a 62.5% stake. The terminal has undergone significant upgrades, including a SAR 3 billion investment to enhance capacity and efficiency. This partnership aligns with Saudi Arabia's Vision 2030 goals to improve logistics infrastructure and increase private sector involvement in ports.
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APM Terminals will acquire a 37.5% stake in the South Container Terminal at Jeddah Islamic Port, partnering with DP World, which retains a 62.5% stake and operational control. The terminal has received a SAR 3 billion upgrade, doubling its handling capacity with new automation.
This investment supports Saudi Arabia's Vision 2030 initiative to enhance logistics infrastructure. The partnership allows APM Terminals to gain exposure to the Red Sea trade without full control, while DP World continues its management role. The terminal's modernization focuses on improving vessel productivity and addressing shipping challenges in the Red Sea region.
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