Saudi Ports Authority (Mawani) and China's ZTT Group have signed a major land lease agreement to establish a new manufacturing plant for submarine and terrestrial cables at Ras Al-Khair Port.
Mawani, the Saudi Ports Authority, has signed a contract with Singatac Arabia to establish a manufacturing centre for offshore structures and platforms at Ras Al-Khair Port, serving the oil and gas industry. The project carries an investment value of SAR139 million ($37 million) and covers an area of 100,000 square meters.
