SANY Marine and SGP Collaborate to Advance Sustainable Development and Strategic Cooperation in Saudi Arabian Ports

June 27, 2024 05:41 PM AEST | By Cision

SANY Marine and SGP Collaborate to Advance Sustainable Development and Strategic Cooperation in Saudi Arabian Ports — Image source: Kalkine Media

Recent News

Stock Market Update: Meta and Microsoft Boost Tech Stocks Amid Trade C...

Galaxy Digital to List on Nasdaq: Crypto Firm Expands in the U.S.

SHOP and AAPL: E-Commerce and Tech Sector Movement Amid NASDAQ and S&P...

Big Tech Momentum Drives Market Futures Higher: Dow, S&P 500, Nasdaq R...

SHANGHAI, June 27, 2024 /PRNewswire/ -- On June 25th, SANY Marine, a subsidiary of SANY Heavy Industry, signed a landmark agreement with Saudi Global Ports Company (SGP), a joint venture between PSA International and local partners, to promote sustainable development and strategic cooperation in Saudi Arabian ports. This agreement, which includes the purchase of 80 electric trucks, represents the largest single order of electric trucks globally.

SANY Marine and SGP Collaborate to Advance Sustainable Development and Strategic Cooperation in Saudi Arabian Ports

The signing ceremony was attended by high-profile figures, including Mr. Rayan AlBakri, Deputy Minister of Transport of Saudi Arabia, Edward Tah, CEO of SGP, Fu Weizhong, Chairman of SANY Marine, and Tang Weibin, General Manager of Overseas Marketing. This event underscores the commitment to driving sustainable growth in the port industry.

SGP, a joint venture between PSA, the Public Investment Fund (PIF), and Al Blagha Group, aims to accelerate the low-carbon development and modernization of PSA's ports. SANY Marine's electric trucks will contribute to addressing climate change and align with Saudi Arabia's "Vision 2030" sustainable development goals.

This collaboration is part of Saudi Arabia's strategy to position itself as a key global logistics hub connecting three continents. The facility was awarded "Port of the Year" at the 2024 ShipTek Awards and will have the largest electric fleet in the Middle East upon completion of the transaction.

SANY's electric trucks will play a vital role in port operations by reducing air and greenhouse gas emissions through zero-emission technology, thus protecting the environment. They also offer higher energy efficiency and cost savings in operation and maintenance.

Omar Hariri, Chairman of the Saudi Ports Authority, expressed his excitement about the contract, stating, "This contract contributes to the development and modernization of the port, making it a flexible and sustainable logistics center."

Earlier this year, SANY Heavy Industry delivered 50 dump trucks to Saudi Arabia. Along with over 1,700 SANY Heavy Industry equipment deployed at the NEOM construction site, these vehicles mark a significant contribution to the region's development.

SGP has been collaborating with SANY Marine, a subsidiary of SANY Heavy Industry, since 2013. To date, approximately 50 mobile port equipment and six rubber-tired gantry cranes (RTGs) have been delivered.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.