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PRESS RELEASE

Jeddah – November 23, 2004 - ATCO Ports Management Services (“APMS”) today announced the delivery and arrival of two (2) new tug boats for service at the Jeddah Islamic Port, the largest commercial port in Saudi Arabia. 

APMS is a division of the A.A. Turki Group (“ATCO”), which has operated in the Saudi port management and marine services field since 1975.  As a part of its operations, APMS provides ports management services to Jeddah Islamic Port (“Jeddah”) and the Port of Gizan (“Gizan”) pursuant to a 10-year privatization contract with the Saudi government.  Under the contract, APMS is responsible for the following:

  • Operating and maintaining all port marine vessels;

  • Renovating, operating, and maintaining slipways at Jeddah;

  • Operating, maintaining, and upgrading control tower communications systems;

  • Heavy lifting operations;

  • Handling berthing, unberthing, pilot, salvage, and rescue operations, including for the Royal Saudi Navy and the Saudi Arabian Oil Company (“Saudi Aramco”);

  • Oil pollution control and clean-up;

  • Dredging in Gizan;

  • Procurement and deployment of ten (10) navigational buoys;

  • Procurement and deployment of nine (9) new tugs; and

  • Marketing of Jeddah and Gizan port services.

APMS awarded a contract to Cochin Shipyard Ltd. of India for the construction of the nine (9) tug boats within a three (3) year period.  The tugs are being built under the supervision of the Classification Society of Det Norske Veritas (“DNV”), with class notations as “Unrestricted and Unmanned Engine Room”.

The delivered tugs, named “Jeddah 32” and “Jeddah 33” are multi-purpose vessels that can be utilized for towing, salvaging, and firefighting, with on-board cranes capable of handling fifteen (15) tons of weight.  These new vessels are equipped with Wartsila engines and Rolls Royce “Aqua Master” propulsion systems.  According to Mr. Faisal Alsorouri, Executive Director, Jeddah Port Project, “the delivery of these tugs reflects ATCO’s continued commitment to the upgrade of equipment and services to world-class levels at the ports of Jeddah and Gizan.”

 

About A.A. Turki Group (“ATCO”)

ATCO is a leading Saudi Arabian conglomerate that has successfully operated since 1954 in the Kingdom’s governmental, industrial, and consumer sectors.  ATCO is comprised of twenty-three different divisions, joint ventures and standalone companies. The group offers a wide range of products and services including, but not limited to, automation and control, commercial trading and services, port management and marine services, engineering and contracting, industrial services, manufacturing, transportation and logistics management, telecommunications products and services, and retail sales.  To learn more about ATCO or APMS, please visit www.atco.com.sa.

Contact:          

                        Mr. Faisal Alsorouri

                        ATCO Ports Management Services

                        c/o A.A. Turki Group of Companies

                        P.O. Box 1298

                        Jeddah, 21431

                        Kingdom of Saudi Arabia

                        Tel: +966 (2) 691-2204

                        Fax: +966 (2) 691-3922

                        Email: sorouri@atco.com.sa             

 

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