Saudi Ports Authority inks deal to rent Imdad Company storage for SABIC’s solid, liquid petrochemicals

29-Oct-10

The Saudi Ports Authority (SPA) has inked a contract under which it will rent Imdad Company a piece of land of 396,000 square meters inside the King Fahd Industrial Port (KFIP) in Yanbu to construct warehouses and giant tanks to store solid and liquid petrochemicals produced by SABIC. Imdad is in charge of logistical services in the Saudi Basic Industries Corp. (SABIC). Under the agreement, Imdad company will set up warehouses and giant tanks to store the solid and liquid petrochemicals produced by SABIC until they are exported through the seaport by containers.