Reginald Lee, a founding member of the International Tank Container Organisation and its president for more than 13 years, is retiring at the end of the year.
Mawani (Saudi Ports Authority) and Saudi Global Ports (SGP), which is a joint venture between the Saudi Public Investment Fund (PIF), Singapore’s PSA International, and the Al Balagaa Group, are to invest US$266M in a new logistics park at King Abdulaziz Port in Dammam.