News Ports

Nine qualify for Saudi land ports project

Project will be developed under a design, build, finance, maintain and transfer model

Saudi Arabia’s Zakat, Tax and Customs Authority (Zatca), through the National Centre for Privatisation and PPP (NCP), has qualified nine companies to bid for the contract to upgrade and develop six land ports in the kingdom.

The qualified companies are:

  • Alghanim International General Trading (Kuwait)
  • Modern Building Leaders Company (local)
  • China Harbour Engineering Company (consortium)
  • Vision Invest (local)
  • El-Seif for Commercial Investments (local)
  • Al-Rajhi Holding Group (local)
  • Al-Yamama Company (local)
  • Al-Kifah Holding Company (local)
  • Serco Saudi Arabia 

 The land ports included in the project are Al-Durrah, Al-Haditha, Halat Ammar, Al-Khafji, Al-Bat’ha and Al-Wadi’ah.

The project will be implemented under a design, build, finance, maintain and transfer (DBFMT) model for a term of 20 years, excluding the construction period.

According to NCP, the public-private partnership  project seeks to upgrade the kingdom’s Secured Zone facilities and implement a modern approach to the infrastructure design and operations to facilitate the implementation of the new design prototype at the six land ports.


Source link

Leave a Comment