DP World engages APM Terminals to develop Jeddah South Container Terminal.
Global port operator DP World has entered into a strategic agreement with APM Terminals to jointly develop the South Container Terminal at the Port of Jeddah. As part of the deal, APM Terminals will acquire a minority 37.5% stake, while DP World will retain a controlling 62.5% stake and continue to manage the facility. The agreement formalizes APM Terminals’ ownership of the terminal while maintaining the existing operating model.
