JEDDAH: Saudi Arabia’s ports authority has signed a SR139 million ($37 million) agreement with Singatac Arabia to build an offshore structures manufacturing facility at Ras Al-Khair port.
The Saudi Ports Authority, known as Mawani, said the project, signed with the local unit of Singapore-based Singatac Engineering Pte. Ltd., will support the fabrication of marine platforms and offshore structures.
The facility will include warehouses for finished components, along with specialized equipment, welding systems and cranes to meet the requirements of offshore projects, Mawani said.
Spanning 100,000 sq. meters, the project reflects efforts to reinforce the Kingdom’s standing as a global logistics hub in line with the National Transport and Logistics Strategy, while supporting regional and international supply and distribution chains.
The contract was signed by Mawani President Suliman bin Khalid Al-Mazroua and Singatac Arabia Chairman Tan Soon Kiong, in the presence of Singapore’s Ambassador to Saudi Arabia, S. Premjith, and other officials.
The project is expected to generate over 500 direct and indirect jobs, foster national talent development, enhance Ras Al-Khair Port’s operational capabilities and value-added services, and boost handling capacity.
“The contract represents a pivotal step in infrastructure development, reflecting a strategic orientation toward investment in advanced maritime industries,” the statement added.
Mawani said the facility will support export growth and contribute to the development of local talent, while strengthening the competitiveness of Saudi ports in regional and international markets in line with Vision 2030 goals.
Ras Al-Khair Port serves Saudi Arabia’s mining and industrial sectors and is linked to production sites by rail. The port has 14 berths and an annual handling capacity of about 35 million tonnes.
Mawani recorded robust growth across key indicators in 2025, with container throughput rising 10.6 percent to more than 8.3 million twenty-foot equivalent units and transshipment containers increasing nearly 11.8 percent to over 1.9 million TEUs.
Exports expanded 11.72 percent and imports rose 8.82 percent, reflecting stronger trade flows, more resilient supply chains and broader economic activity.
Total cargo tonnage, including general, solid bulk and liquid bulk cargo, reached 242 million tonnes, while passenger numbers surged 47 percent to more than 1 million.
