Saudi Arabia to build $133 million ship refueling centre at King Fahd Industrial Port
The Saudi Ports Authority (Mawani) has partnered
with the National Petroleum & Petrochemical Tank & Pipelines Company (Petrotank)
to develop an integrated ship refueling centre at King Fahd Industrial Port
in Yanbu.
The facility, to be constructed on a 110,700 m²
site, represents a $133 million investment over 20 years. It will feature
advanced fuel storage and bunkering services aimed at attracting more vessels,
boosting port traffic, and supporting Saudi Arabia’s maritime economy.
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The project supports Mawani’s strategy to
enhance the competitiveness of Saudi ports by expanding fuel and oil
infrastructure — a key component for delivering high-quality logistics services
and managing increased ship traffic. It also aligns with the National Transport
and Logistics Strategy, which seeks to invest over $266.7 billion by 2030 and
position the Kingdom as a leading global logistics hub.
Petrotank, already a strategic partner at the
port, operates an existing fuel station with eight tanks and a total storage
capacity of 114,000 m³, playing a vital role in supporting ship operations.
Located on the Red Sea coast, King Fahd
Industrial Port is one of Saudi Arabia’s most important industrial gateways,
handling petroleum, refined products, and diverse cargo. Spanning 6.8 km², it
boasts 34 berths, 10 terminals, and a handling capacity of up to 210 million
tonnes annually.
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Saudi
Arabia’s logistics sector continues to attract global investment, driven by
regulatory reforms, infrastructure development, and new incentives — including 15
measures under the Authorised Economic Operator program — all supporting Vision
2030’s goal of economic diversification and transportation sector growth.
Source: https://www.marineinsight.com/
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