APM Terminals Acquires 37.5% Stake In DP World’s Jeddah Container Terminal

DP World and APM Terminals have announced a strategic partnership at the Southern Container Terminal of Jeddah Islamic Port, with APM Terminals acquiring a 37.5% minority stake in the facility.

DP World will retain a 62.5% majority shareholding and continue to operate the terminal.

The agreement formalises closer cooperation between the two companies at one of Saudi Arabia’s main trade gateways.

The partners said the move will support Jeddah Islamic Port’s position as a key Red Sea hub linking trade flows between Asia, Europe and Africa.

DP World secured a 30-year Build-Operate-Transfer concession for the Southern Container Terminal in 2019.

Since then, the company has carried out a major upgrade and expansion programme, increasing capacity, improving operational efficiency and enhancing sustainability standards.

Additionally, both DP World and Maersk have invested in integrated logistics capabilities within the port.

These investments connect the quay with warehousing, distribution and inland transport services, enabling more streamlined cargo handling and stronger supply chain connectivity for import and export customers.

Yuvraj Narayan, Chief Executive Officer of DP World, said Saudi Arabia remains a strategic market for the company and noted that Jeddah Islamic Port has played a key role in its growth in the Kingdom for more than two decades.

He stated that since securing the concession in 2019, DP World has modernised the Southern Container Terminal into a high-capacity gateway.

Reference: DP World

Source: Maritime Shipping News