Mubasher: DP World has partnered with APM Terminals, a subsidiary of A.P. Moller-Maersk, to acquire the Southern Container Terminal of Jeddah Islamic Port.
APM Terminals will acquire a 37.50% stake in the terminal, while DP World will take over a 62.50% shareholding, according to a press release.
The collaboration aims to strengthen the port’s role as a key gateway for Saudi Arabia and a key Red Sea hub linking Asia, Europe, and Africa.
DP World and Maersk have also invested in integrated logistics at the port, connecting the quay with warehousing, distribution, and inland transport. This integration enhances supply chain connectivity, supporting seamless import and export operations.
Yuvraj Narayan, the CEO of DP World, said: “Saudi Arabia is a strategic market for DP World, and Jeddah Islamic Port has been central to our growth in the Kingdom for more than two decades.”
“Since securing the concession in 2019, we have transformed the Southern Container Terminal into a modern, high-capacity gateway, further strengthening Jeddah’s position as a leading Red Sea hub in support of Saudi Arabia’s Vision 2030,” the CEO added.
He noted: “This partnership reflects the confidence global industry leaders place in DP World’s capabilities and the world-class terminal we have developed in Jeddah Islamic Port.”
Keith Svendsen, the CEO of APM Terminals, stated: “Jeddah Islamic Port is a vital gateway to the Kingdom of Saudi Arabia and a key hub in our customers' supply chains.”
“This investment secures long-term access to quality infrastructure and strengthens our ability to support customers with reliable, scalable capacity in the Kingdom,” Svendsen emphasized.
In October 2025, DP World signed a memorandum of understanding (MoU) with PayPal to launch a digital payments platform that will allow cross-border transactions to be completed in minutes, instead of taking up to a week.
