The Saudi Ports Authority (MAWANI) has announced plans to construct a fuel supply center for ships, with an estimated cost of 2 billion riyals ($533 million), according to a media report.
MAWANI has signed an agreement with the Ministry of Energy to establish a comprehensive bunkering center at King Fahd Industrial Port in Yanbu, situated on the Red Sea coast, online news portal Zawya wrote in a report quoting a tweet from the port authority.
The port authority shared this information through a tweet.
Covering an area of 393,000 square meters, the center will be developed as per MAWANI’s plans, the report said.
This partnership is part of ongoing efforts to strengthen Saudi Arabia’s strategic role in providing fuel to ships transiting through the Red Sea.
In February 2023, A.P. Moller–Maersk (Maersk) and MAWANI commenced the construction of Saudi Arabia’s largest Integrated Logistics Park, located at Jeddah Islamic Port.
