The General Ports Authority (Mawani) and the National Company for Petroleum and Petrochemical Warehousing and Pipelines (Petrotank) signed a land lease agreement to establish an integrated ship fueling center at King Fahd Industrial Port in Yanbu. The agreement covers an area of 110,700 square meters, representing a unique strategic project with a total investment value of 500 million Saudi Riyals for a period of 20 years.
The contract was signed on behalf of the Authority by Captain Maher bin Abdulrazzaq Al-Hamdi, Executive Director General of King Fahd Industrial Port in Yanbu, and Mr. Faris Zuhair Al-Bakri, Chairman of Petrotank, in the presence of Eng. Khalid bin Mohammed Al-Salem, Chairman of the Royal Commission for Jubail and Yanbu, Eng. Sulaiman Al-Mazrou, Chairman of the General Ports Authority, and a number of officials.
This comes within the framework of "Mawani"'s efforts to increase the competitiveness of the Kingdom's ports, as fuel and oil tanks are part of providing quality logistics services to ships, contributing to increasing their numbers and raising the competitiveness of ports regionally and globally, in line with the objectives of the National Strategy for Transport and Logistics Services to consolidate the Kingdom's position as a global logistics hub. His Excellency Eng. Sulaiman bin Khalid Al Mazroua, Chairman of the General Ports Authority, said, "This cooperation between the Authority and Petrotank reflects "Mawani"'s direction towards enhancing the attractiveness of Saudi ports and improving their competitiveness by expanding the services provided to shipping companies. The center is an important step in developing storage and ship fueling services, contributing to attracting more ships, raising operational efficiency, and supporting the growth of trade, in line with the goals of Saudi Vision 2030 to empower the logistics sector."
As an extension of the strategic partnership between the General Ports Authority and "Petrotank", the company currently operates the fuel terminal at King Fahd Industrial Port in Yanbu, which includes eight tanks with a storage capacity of up to 114,000 cubic meters. The terminal is a vital project contributing to ship operations. It's worth noting that King Fahd Industrial Port in Yanbu is one of the main industrial ports on the Red Sea coast, distinguished by its high capacity to handle various types of cargo, including refined products and petrochemicals. Covering an area of 6.8 km², it includes 34 berths and 10 terminals, with a capacity of up to 210 million tons.
