Mawani Signs SAR 500mn Deal to Establish Marine Bunkering Hub in Yanbu

The Saudi Ports Authority (Mawani) has signed a land lease contract with the National Petroleum & Petrochemical Tanks & Pipeline Co. (Petrotank) to establish an integrated marine bunkering hub at King Fahad Industrial Port in Yanbu. The strategic project will span an area of 110,700 square meters, with a total investment of SAR 500 million, and will operate under a 20-year lease.

The contract was signed by the General Executive Manager of King Fahad Industrial Port, Captain Maher bin Abdulrazzaq Al-Hamdi, and the Chairman of Petrotank, Mr. Fares Zuhair Al-Bakri, in the presence of H.E. Eng. Khalid bin Mohammed Al-Salem, President of the Royal Commission for Jubail and Yanbu, along with other senior officials.

This initiative is part of Mawani’s broader efforts to boost the competitiveness of Saudi ports. The addition of fuel and oil storage infrastructure represents a key enhancement to the port’s logistics services, helping to increase vessel traffic and elevate the Kingdom’s ports regionally and globally. It also aligns with the objectives of the National Transport and Logistics Strategy (NTLS), which aims to solidify the Kingdom’s standing as a global logistics hub bridging three continents.

H.E. Eng. Suliman bin Khalid Almazroua, President of the Saudi Ports Authority, stated that this collaboration between Mawani and Petrotank reflects Mawani’s commitment to enhancing the attractiveness and competitiveness of Saudi ports by expanding service offerings for shipping lines. He added that the new hub represents a significant step toward advancing fuel storage and bunkering services, contributing to the attraction of more vessels, improving operational efficiency, and supporting the growth of trade activity — in alignment with Saudi Vision 2030 and its goal of empowering the logistics sector.

As part of its ongoing strategic partnership with Mawani, Petrotank currently operates an existing fueling station at King Fahad Industrial Port in Yanbu, comprising eight tanks with a storage capacity of 114,000 cubic meters. This station plays a vital role in supporting port operations and vessel fueling services.

It is worth noting that King Fahad Industrial Port in Yanbu is one of the Kingdom’s primary industrial ports on the Red Sea coast. It boasts a high handling capacity for a wide range of cargo, including refined petroleum products and petrochemicals. The port spans 6.8 square kilometers, features 34 berths and 10 terminals, and has an annual throughput capacity of 210 million tons.