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Gulftainer Takes Majority Stake in GSCCO

Gulftainer, the Sharjah-based port management & logistics company, takes a 51 percent stake in Saudi Arabia’s Gulf Stevedoring Contracting Company (GSCCO), to assume full management of three Saudi terminals, located in Jeddah and Jubail. The acquisition makes Gulftainer the largest port operator in the Middle East with regards to the number of terminals operated in the region, with the company managing…