SDES - Saudi Development & Exp

The Dammam Bonded And Re-Export Zone (DBRZ) is situated on a 350,000 M2 site within the confines of the King Abdul Aziz Port complex, it was launched with an initial capital investment of SR 140 M ($38 M ). The project is owned and managed by the Saudi Development And Re-Export Services Company (SDRS), a consortium of Hutchinson Port Holdings, MACNA and a prominent group of Eastern Province businessmen led by the SDES’s chairman, Mr.Khaled ALBawardi.The DBRZ functions on a 30-year privatization lease granted to the company by the Saudi Arabian Ports Authority which commenced in the year 2000.