Logistics Middle East
GSCCO to operate King Fahad Industrial Port at Yanbu in Saudi Arabia
Gulf Stevedoring Contracting Company (GSCCO) has entered an agreement with Red Sea Marine Services Company Limited to manage and operate King Fahad Industrial Port in Yanbu (KFIP).
This takes GSCCO’s portfolio of terminals in Saudi Arabia up to four, cementing the company’s position as the largest and most geographically diverse port operator in the country.
GSCCO will handle all types of cargo at KFIP, including containers, breakbulk cargo, vehicles and bulk cargo.
To support operations at the port, the company will invest in significant amounts of new equipment to ensure it can deliver its award-winning levels of operational excellence and turn KFIP into another jewel in the crown of Saudi Arabia’s growing maritime presence.
The decision to award the operation of the port to GSCCO was taken by Saudi Ports Authority (Mawani) in recognition of the company’s long-standing reputation for operational excellence – both at the Northern Container Terminal in Jeddah, which has long enjoyed the reputation of being the most productive and customer-centric terminal in the port, and at Jubail Commercial Port, which has consistently delivered the highest levels of productivity in the Arabian Gulf while achieving double-digit cargo volume growth year on year for the past five years.