In a move set to redefine the maritime landscape of the Gulf and the wider Middle East, Saudi Arabia has signed long-term concession contracts worth over US$586 million to develop and operate multipurpose cargo terminals at eight major ports across the Kingdom. The agreements, awarded to Singapore’s PSA-backed Saudi Global Ports and the Saudi-Malaysian joint […] The post Saudi Arabia charts bold course to overtake Gulf rivals as regional port powerhouse appeared first on Container News .