Saudi Arabia/UAE: Gulftainer expands

Sharjah-based port management and logistics company Gulftainer has bought a 51% stake in Saudi Arabia’s Gulf Stevedoring Contracting Company. In a statement on 23 June, Gulftainer said the acquisition had allowed it to assume full management of three Saudi terminals in Jeddah and Jubail. On the west coast, Gulftainer will operate the Northern Container Terminal at the Jeddah Islamic Port, and on the east coast, it will operate Jubail Commercial Port and Jubail Industrial Port.