$133 Million Integrated Ship Refuelling Centre To Be Established At Saudi Arabian Port

The Saudi Ports Authority (Mawani) and the National Petroleum & Petrochemical Tank & Pipelines Company (Petrotank) will develop an integrated ship refuelling centre at King Fahad Industrial Port in Yanbu.

It will be developed on a 110, 700 m2 site with a total investment value of $133 million over a period of 20 years.

The project aligns with Mawani’s efforts to enhance the competitiveness of Saudi Arabian ports by developing fuel and oil infrastructure essential for delivering top-notch logistical services, handling increased ship traffic, and strengthening regional and global port competitiveness.

It is also in line with the aims of the National Transport and Logistics Strategy, which wants to invest over $266.7 billion by 2030 and establish Saudi Arabia as a major logistics hub in the world.

Given its partnership with Mawani, Petrotank operates a fuel station as well at the King Fahad Industrial Port in Yanbu, having 8 tanks and a total storage capacity of 114000 m3 and plays an important role in supporting ship operations.

The new centre will offer fuel storage and bunkering services to attract more ships and boost traffic and the economy, supporting Saudi Vision 2030’s aim to strengthen the logistics sector.

King Fahad Industrial Port in Yanbu is a major industrial hub on Saudi Arabia’s Red Sea coast and is known for its ability to manage diverse cargoes like petroleum and refined products.

It spans 6.8 km2 and includes 34 berths, 10 terminals with a total handling capacity of up to 210 million tonnes.

Saudi Arabia’s logistics sector is attracting global investment, powered by incentive schemes and regulatory reforms, aligning with the Vision 2030 agenda.

It is pushing for economic diversification, and strengthening its transportation and logistics infrastructure has become a main pillar of the program.

Saudi Arabia also introduced 15 new incentives under the Authorised Economic Operator program to boost the competitiveness of its exports.

Source: Maritime Shipping News