Daily Archives: 18 February 2013


GCC invest $36b in port development

JEDDAH — The GCC countries are allocating $36 billion to further develop their port infrastructure amid increasing foreign non-oil trade volumes. Saudi Arabia is powering ahead with port infrastructure development with more than $750 million allocated to Dammam’s King Abdul Aziz Port, which includes the launch of a second hi-tech container terminal in 2015 with […]


After big delays, Kuwait moves ahead on infrastructure

KUWAIT, Feb 13 (Reuters) – Freight trucks trundle down the dusty, potholed roads of Kuwait’s busiest port, running into traffic jams as they emerge into the surrounding streets. But after years of inaction, the government is finally moving to ease the congestion. It is pushing ahead with a $2.6 billion plan to build a 36 […]