Under the agreement, APM Terminals will acquire a 37,5% minority stake in the terminal, while DP World will retain a 62,5% controlling interest and continue to manage operations. Concurrently, DP World and Maersk are investing in integrated logistics capabilities at Jeddah port, connecting the berths with warehousing, distribution, and inland transportation systems. Both parties aim to enhance supply chain support capacity and maintain the port's strategic gateway role for import and export goods.

Modern gantry crane system at the South container terminal, Jeddah Islamic Port, where DP World and APM Terminals are implementing their strategic partnership to enhance logistics capabilities. *Jeddah Islamic Port*

Yuvraj Narayan, group chief executive officer of DP World, stated that Saudi Arabia is a key market for the company, and Jeddah port has been central to its growth strategy for over two decades.

He emphasized that since receiving a 30-year build-operate-transfer (BOT) concession in 2019, DP World has modernized the South container terminal into a high-capacity gateway, strengthening Jeddah's position as a leading Red Sea maritime hub, in line with Saudi Arabia's national development vision "Vision 2030".

DP World is a global port operator and logistics company headquartered in Dubai, with a presence in many key markets. APM Terminals, a subsidiary of Maersk Group, specializes in port operations and provides integrated global supply chain services.

By Hai My (Source: Logistics Manager)