Tag Archives : port development

Saudi Arabia to spend $914m on port development

Saudi Ports Authority (SPA) and King Abdul Aziz Port plan to invest SR3.43bn ($914m) in port development to meet the growing demand on the kingdom’s major seaports, Arab News has reported. Among the proposed developments is a new container terminal at a cost of SR172.5m ($46m) to be built in Dheba Port, with two others […]

Saudi ports’ container traffic grows 9%

JEDDAH – The nine ports in Saudi Arabia remain robust, recording a 9 percent growth in container traffic 2004 and 2011, increasing to 6 million twenty foot equivalent units (TEU) from 3 million TEU. Kuwait Financial Centre (Markaz) said recently in the executive summary of its infrastructure series covering power, airports, seaports, roads & railways, […]

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 […]

It’s boom time for Saudi ports

Saudi ports have witnessed a boom in expansion projects, Al-Eqtisadiah newspaper reported. The volume of projects in both sea and land ports increased to SR 4 billion, it said. According to official data from the¬†Saudi Ports Authority¬†, its revenues increased during the fiscal year of 2012 to SR 3,282 million, a 10.6 percent increase — […]