Saudi Arabia receives port PPP bids
1 November 2023
Saudi Arabia's Zakat, Tax and Customs Authority (Zatca), through the National Centre for Privatisation and PPP (NCP), has received bids from developers for the contract to upgrade and develop six land ports in Saudi Arabia.
The land ports included in the project are Al-Durrah, Al-Haditha, Halat Ammar, Al-Khafji, Al-Batha and Al-Wadiah.
According to a source close to the project, at least two individual companies and one joint venture have submitted proposals.
These include Saudi Arabia's Vision Invest, Al-Rajhi Holding and a team comprising Ajlan & Brothers Holding and China Harbour Engineering Corporation.
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.
Zatca and NCP qualified nine companies to bid for the contract. These include:
- 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
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.
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