image description
image description
Tell A Friend

FinancialNews


  • 07-08-12

    Saudi Arabia plans USD164m port-upgrading drive

    (MENAFN) The Saudi Ports Authority unveiled plans to invest USD164 million in the upgrade of the Kingdom's sea ports, Saudi Presss Agency (SPA) reported. Authority head Abdulaziz al-Tuwaijri said that the authority will set up a USD51.2 million power plant at King Abdulaziz Port in Dammam to meet increasing demand. The authority will also build a USD46.4 million container terminal in Dhiba Port, and two container terminals at King Fahd Industrial Port in Jubail at a cost of USD38.4 million. All the port developments are scheduled to be completed within two years. Also, a USD27.73 million terminal to service and dock passenger and leisure vessels will also be set up at Yanbu Commercial Port to support tourism to the country.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved