Tusdeer plans year-end tender for new terminal

18 August 2006

Saudi Trade & Export Development Company (Tusdeer), a subsidiary of Saudi Industrial Services Company (Sisco), is planning to issue a tender for the dredging contract on its proposed new berth at Jeddah Islamic Seaport by December. Malaysia's SMS, which is also an equity partner in the project, is carrying out the marine survey and soil testing on the site. The reclamation contract will include dredging of about 5 kilometres at a depth of 16.5 metres (MEED 17:2:05). Tusdeer signed a build-operate-transfer (BOT) agreement with the Saudi Ports Authority (SPA) in May to reclaim, develop and operate nearly 1 million square metres of land in the port's free zone area. The UK's Drewry Shipping and US-based AECOM Group are carrying out the masterplan for the area.

The proposed berth will see 1.5 million 20-foot equivalent units (TEUs) of capacity added to the port over an area of about 400,000 square metres. The estimated SR 1,600 million ($426 million) scheme will take three years to complete.

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