Saudi-Chinese Agreement to Manufacture 3 Quay Cranes in Dammam Port

SGP Chairman Abdullah Al-Zamil and SGP CEO Edward Tah during the signing ceremony. (Asharq Al-Awsat)
SGP Chairman Abdullah Al-Zamil and SGP CEO Edward Tah during the signing ceremony. (Asharq Al-Awsat)
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Saudi-Chinese Agreement to Manufacture 3 Quay Cranes in Dammam Port

SGP Chairman Abdullah Al-Zamil and SGP CEO Edward Tah during the signing ceremony. (Asharq Al-Awsat)
SGP Chairman Abdullah Al-Zamil and SGP CEO Edward Tah during the signing ceremony. (Asharq Al-Awsat)

Under the supervision of the Saudi Ports Authority (MAWANI), Saudi Global Ports (SGP) and Shanghai Zhenhua Heavy Industries Company (ZPMC) signed on Thursday an agreement to manufacture three quay cranes at King Abdulaziz Port in Dammam.

In a press statement, MAWANI said that the new cranes would have a minimum outreach of 25 rows to enable the handling of next generation giant vessels.

The deal was signed by Saudi Global Ports CEO Edward Tah and Liu Chengyun, Chairman and President of ZPMC, in the presence of Omar bin Talal Hariri, President of Saudi Ports Authority, and Captain Fahad Al-Amer, Director General of King Abdulaziz Port in Dammam, as well as Saudi Global Ports Chairman Abdullah Al-Zamil and Wan Chee Foong, Regional CEO, Middle East and South Asia, and Head of Group Business Development at PSA International.

Hariri said that the agreement came within the framework of the Smart Ports Initiative, which was launched by MAWANI this year to enhance competitiveness and keep pace with the continuous changes in the maritime sector industry.

For his part, Al-Zamil underlined efforts to transform the Kingdom into a global logistic power in support of the goals of Saudi Vision 2030, by considering the possibilities of using renewable energy in future coastal crane operations, as well as promoting the Green Saudi Initiative and its global participation in limiting climate change.

Speaking on the occasion, Wan Chee Foong said: “PSA is pleased to have worked alongside Saudi Global Ports to develop the optimal design and specifications of the quay cranes and support the rigorous evaluation process.”

He added: “PSA’s commitment to the transformation of King Abdulaziz Port into a leading port will ensure Saudi Global Ports remains relevant and future-ready, realizing the Kingdom’s plans to become a global logistics hub.”



Saudi and Qatari Finance Ministers Sign Cooperation MoU

Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari signed an MoU to cooperate in the finance sector. SPA
Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari signed an MoU to cooperate in the finance sector. SPA
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Saudi and Qatari Finance Ministers Sign Cooperation MoU

Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari signed an MoU to cooperate in the finance sector. SPA
Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari signed an MoU to cooperate in the finance sector. SPA

Saudi Minister of Finance Mohammed Aljadaan and Qatari Minister of Finance Ali bin Ahmed Al Kuwari have signed an MoU to cooperate in the finance sector.

The MoU was signed Thursday on the sidelines of the 122nd meeting of the Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee in Doha, Qatar.
‏Aljadaan said that the MoU is part of efforts to strengthen relations between Saudi Arabia and Qatar in the finance sector, including microeconomic policy, public sector laws, and legislation to enhance economic growth in the region.
‏Al Kuwari noted the importance of the MoU and its potential impact in exchanging expertise and information in the finance sector to enhance and strengthen relations between the two nations.