Saudi Delegation Explores Trade and Investment Opportunities at Gwadar Port
A high-level Saudi business delegation, led by Prince Mansour M Saud Al Saud, has visited the Karachi Port Trust (KPT) headquarters to explore trade, investment, and business opportunities at Pakistan's Karachi and Gwadar ports, as reported by Sources.
The delegation was received by Maritime Affairs Secretary Captain (retd) Muhammad Khurram Agha, Gwadar Port Chairman Noorul Haq Baloch, and KPT Chairman Rear Admiral (retd) Shahid Ahmed. The Saudi visitors received a detailed briefing on the commercial potential of both ports, ongoing development projects, and available investment opportunities.
Prince Mansour expressed keen interest in Gwadar Port's cargo services, transit trade, transshipment facilities, and energy terminals. He also accepted an invitation to visit Gwadar in the near future, signalling promising prospects for enhanced bilateral economic engagement.
During the briefing, Gwadar Port Chairman Noorul Haq Baloch emphasised that Gwadar Port had immense potential to become a significant transit and transshipment hub for the region. He detailed the port's capabilities, stating that it could handle up to 200,000 containers (TEUs) annually and featured a depth of 12.5 metres, allowing vessels of up to 50,000 deadweight tonnes (DWT) to anchor there.
He further added that the port offers large storage yards, 30 days of free storage, and competitive charges, making it an attractive option for international investors seeking efficient and cost-effective logistics solutions.