October 6, 2012 witnessed the grand foundation ceremony of Phase I SGP Container Terminal Project of King Abdullah Bin Abdulaziz Port (Dammam Port) of Saudi Arabia undertaken by the Company.
The Project is jointly invested by Saudi Arabia Public Investment Fund and the Singapore Port Authority. The Company is EPC general contractor of the Project. Two container berths will be constructed and the total length will be 600 meters. The contractual construction period is 800 days. After completion of the Project, annual transportation volume can reach 900,000 TEUs. The Project will vigorously promote economic development of Saudi Arabia.