DP World and APM Terminals Partner to Strengthen Jeddah's Red Sea Hub

In a move to bolster Jeddah's position as a key Red Sea gateway, global port operators DP World and APM Terminals have announced a strategic partnership at Saudi Arabia's Jeddah Islamic Port. According to gCaptain, the agreement will see APM Terminals acquire a 37.5% stake in DP World's Southern Container Terminal at the port. This strengthens both companies' foothold in the region, which serves as a vital link between Asia, Europe, and Africa. "This partnership is a significant milestone that will further enhance Jeddah Islamic Port's position as a leading hub in the Red Sea," said Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World. "It also underscores our commitment to Saudi Arabia's Vision 2030 by driving growth, creating jobs and supporting the Kingdom's ambitions to become a global logistics hub." The Jeddah Islamic Port is one of the busiest ports in the Middle East, handling over 4 million TEUs annually. The strategic alliance between DP World and APM Terminals is expected to improve operational efficiency, increase cargo throughput, and solidify Jeddah's status as a premier regional logistics center. "This partnership with DP World in Jeddah is an important step in our strategy to strengthen our presence in the Middle East and support the growth of Saudi Arabia's economy," said Morten Engelstoft, CEO of APM Terminals. "We look forward to working closely with DP World to drive further development of the port and enhance its competitiveness." The move comes as ports across the Middle East race to upgrade infrastructure and attract greater cargo volumes amid intensifying regional competition. By teaming up at Jeddah, DP World and APM Terminals are positioning themselves to capitalize on the Red Sea's strategic importance for global trade.