JEDDAH: Jeddah Islamic Port is set to strengthen its role as a trade gateway after APM Terminals agreed to acquire a 37.5 percent stake in the South Container Terminal, enhancing links with Maersk’s global network.
Under the agreement, DP World will retain a 62.5 percent majority shareholding and continue to lead the operations at the facility.
APM Terminals, a wholly owned subsidiary of A.P. Moller–Maersk, is taking the stake as part of the Kingdom’s broader push to expand logistics capacity and position itself as a trade hub, according to the Saudi Ports Authority, also known as Mawani.
The authority said the investment supports the objectives of the National Transport and Logistics Strategy, which aims to enhance port efficiency, increase private-sector participation and boost non-oil exports as Saudi Arabia diversifies its economy.
The acquisition aligns closely with Saudi Arabia’s Vision 2030, which prioritizes economic diversification and the transformation of the Kingdom into a global logistics hub linking Asia, Europe, and Africa.
