NYK Establishes First Exclusive RORO Terminal for Finished Cars in Saudi Arabia
September 4, 2015
On September 3, NYK signed a joint-venture agreement with Ports Development Company (PDC)* to establish NYK’s first exclusive RORO terminal operating company at King Abdullah port (KAP)** on the Red Sea coast of Saudi Arabia.
This terminal, named “KAP RORO Terminal,” will be the first exclusive RORO terminal in Saudi Arabia and is planned to commence full operations by the third quarter of 2016. The joint venture will be the first automotive logistics base for the NYK Group in the Middle East.
King Abdullah port is a private port that is owned and operated by PDC, which opened a container terminal there in 2014. By establishing this new joint venture in cooperation with PDC, the NYK Group is expanding the reach of its global operations to provide customer-oriented service based on the NYK Group’s operational experience and accomplishments as a pioneer in the field. Moreover, the NYK Group will ensure adequate handling capacity equivalent to 600,000 units yearly at a gate port to address increasing demand within the growing Middle East market.
The NYK Group will continue to take advantage of the creative solutions initiated in the company’s "More Than Shipping 2018" medium-term management plan to provide advanced automotive logistics services in order to respond to customers’ demands in the Middle East region, where continual economic growth is expected.
*Ports Development Company
A joint-venture company between the Saudi Arabian conglomerate Huta Marine Works Limited and Emaar, the Economic City in the Kingdom of Saudi Arabia.
** King Abdullah Port
A port within King Abdullah Economic City, which is located 88 kilometers to the north of Jeddah.
Location of King Abdullah Port
The news on this website is as of the date announced and may change without notice.