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Group Vice President, Asia Pacific & Indian Subcontinent
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
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17 Jun 2019 / Saudi Arabia
The Saudi Ports Authority has announced a reduction in the handling tariff, adjustment of the storage free time for containers and reduction of Marine Services tariff for container ships at King Fahad Industrial Port in Yanbu by 32-57.5%.
The cost of handling containers in King Fahad Industrial Port in Yanbu has been reduced by 57.5%. Free storage time for import and export of empty containers has been increased to 30 days from the standard 5 days. Changes also include free storage time for full containers (Import and export) for up to 30 days.
In addition, the tariff item at Jeddah Islamic Port for loading empty containers destined for King Fahad Industrial Port in Yanbu has been reduced by 50%.
Lastly, there is also a reduction in the marine services tariff for container ships at Yanbu Industrial Port.
For more information about operations in Saudi Arabia, contact GAC Saudi Arabia at [email protected]