DP World and APM Terminals, the Netherlands-based port and terminal operator owned by Denmark’s A.P. Moller–Maersk, have agreed on a strategic partnership at the Southern Container Terminal in Jeddah Islamic Port.
Under the deal, APM Terminals will acquire a 37.5% minority stake, while Dubai-based global ports operator DP World will retain a 62.5% majority share and continue to lead operations at the facility.
The partners said the investment strengthens long-term collaboration and combines capabilities to boost Jeddah’s role as a key Red Sea hub linking trade between Asia, Europe and Africa. DP World secured a 30-year build-operate-transfer concession for the terminal in 2019 and has since carried out a major upgrade and expansion to increase capacity, improve efficiency and enhance sustainability in line with Saudi Arabia’s Vision 2030 strategy.
Both companies have also invested in integrated logistics capacity at Jeddah Islamic Port, linking the quay to warehousing, distribution and inland transport networks to support import and export cargo flows.
DP World Group CEO Yuvraj Narayan said: “Saudi Arabia is a strategic market for DP World, and Jeddah Islamic Port has been central to our growth in the Kingdom for more than two decades. Since securing the concession in 2019, we have transformed the Southern Container Terminal into a modern, high-capacity gateway, further strengthening Jeddah’s position as a leading Red Sea hub in support of Saudi Arabia’s Vision 2030. This partnership reflects the confidence global industry leaders place in DP World’s capabilities and the world-class terminal we have developed in Jeddah Islamic Port.”
APM Terminals CEO Keith Svendsen said: “Jeddah Islamic Port is a vital gateway to the Kingdom of Saudi Arabia and a key hub in our customers’ supply chains. We are pleased to invest in the Southern Container Terminal and to deepen our presence in Saudi Arabia through this strategic step. Jeddah is one of the region’s most important trade corridors. This investment secures long-term access to quality infrastructure and strengthens our ability to support customers with reliable, scalable capacity in the Kingdom.”
