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.
DP World received a 30-year concession to build and operate the terminal in 2019 and has since completed a major expansion of capacity and infrastructure upgrades. The facility is located at a key hub on the Red Sea, connecting trade flows between Asia, Europe, and Africa and handling a significant portion of Saudi Arabia’s import and export cargo. The investment is aimed at further enhancing capacity and supply chain resilience.
At the same time, DP World, together with Maersk, is developing an integrated logistics system at the Port of Jeddah, combining berthing operations, warehousing, distribution, and inland transport to support end-to-end cargo flows. APM Terminals notes that participation in the project provides long-term access to the infrastructure of one of the Kingdom’s key trade corridors and will allow it to more effectively support its customers in Saudi Arabia.