Deals this week: Saudi Aramco, Essar Ports
Saudi Aramco has received a contract from a consortium of Saudi Archirodon Company and Huta Hegerfeld to further the development of the King Salman International Complex for Maritime Industries and Services.
The complex is located in Ras Al-Khair, Saudi Arabia, and will also include shipyard facilities.
Saudi Aramco is set to dredge and reclaim approximately 37 million cubic metres of fill and improve 7.4 million square metres of ground area as part of the deal.
The initiative will also see the company construct 4,500m of concrete quay walls and wharves, and develop 12,000m of rock revetments and breakwaters to help protect the structure of the complex.
India-based Essar Ports has signed a 30-year concession contract with the Government of Mozambique for the development of a coal terminal at Beira Port, which will have a cargo-handling capacity of 20 million tonnes.
The project will be developed by a joint venture (JV) comprising Essar (70%) and Portos e Caminhos de Ferro de Moçambique (30%) known as New Coal Terminal Beira (NCTB SA).
It will be constructed on a design, build, own, operate and transfer (DBOOT) basis in two phases, each featuring a capacity of 10 million tonnes.