Riyadh, February 18 (QNA) – The Saudi Ports Authority (Mawani) announced that Maersk Group, through its wholly-owned subsidiary APM Terminals, has acquired a 37.5% stake in the South Container Terminal at Jeddah Islamic Port.

This move strengthens the port's integration into Maersk's operational system and direct services, contributing to enhanced maritime connectivity with regional and international ports and providing Saudi trade with greater resilience and speed in reaching various markets.

The partnership is expected to contribute to Maersk's strategic positioning at Jeddah Islamic Port, leading to an increase in the number of ships and transshipment containers, as well as attracting more Maersk shipping lines and their partners.

It is worth noting that the South Container Terminal includes five state-of-the-art container berths with a capacity of 4.1 million TEUs (twenty-foot equivalent units).

Jeddah Islamic Port is the largest on the Red Sea coast. (QNA)