APM Terminals Takes Stake in Jeddah Container Facility

Updated February 19, 2026 at 01:48 pm Published February 20, 2026 at 03:10 am Etc/UTC

APM Terminals has acquired a minority interest in a container terminal in Saudi Arabia currently operated by DP World. Under the agreement, APM Terminals will take a 37.5% stake in the Southern Container Terminal at Jeddah Islamic Port, while DP World will maintain a 62.5% controlling interest and continue managing day-to-day operations. DP World has held a 30-year build-operate-transfer concession for the terminal since 2019. Financial details of the transaction were not disclosed.

“Jeddah is one of the region’s most important trade corridors. This investment secures long-term access to quality infrastructure and strengthens our ability to support customers with reliable, scalable capacity in the kingdom,” said Keith Svendsen, CEO of APM Terminals.

The move builds on broader investment activity at the port. In 2021, Maersk signed a separate agreement with the Saudi Ports Authority to invest $136 million over a 25-year period in the development of an integrated logistics park at Jeddah Islamic Port.