Signed a $1.87 Billion Agreement, PIF Subsidiary SGP and SANY will Deliver Electric Trucks to Dammam Port

Signed a $1.87 Billion Agreement, PIF Subsidiary SGP and SANY will Deliver Electric Trucks to Dammam Port

Saudi Global Ports and a Chinese corporation have reached an agreement to enhance green operational capacities at the Kingdom’s ports, valued at SR7 billion ($1.87 billion).

According to a statement from the Kingdom’s ports administration, the Public Investment Fund subsidiary and China’s SANY signed the agreement for King Abdulaziz Port in Dammam, which is being heralded as the largest single contract in the world for the production and delivery of electric trucks.

The press announcement from the authority, commonly known as Mawani, stated that SANY will send 80 electric trucks to the port in accordance with the contract.

This action is a component of Saudi Arabia’s National Transport and Logistics Strategy, which aims to establish the country as a significant international hub for logistics connecting three continents.

After the transaction is completed, the facility—which won “Port of the Year” at the ShipTek awards in 2024—will have the biggest fleet of electric cars in the Middle East.

Because they emit no exhaust, electric trucks significantly contribute to the protection of the environment at ports by lowering greenhouse gas emissions and air pollution.

They also provide increased energy efficiency and maintenance and operation cost savings.

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