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King Abdullah Port: fastest growing port in the world

King Abdullah Port: fastest growing port in the world



King Abdullah Port to complete expansion

01 January 2017

Saudi Arabia's King Abdullah Port, located in King Abdullah Economic City on the Red Sea coast, is in the final stages of completing the infrastructure works for its Berth 5 and Berth 6, the port said.

The expansion, expected to be finished in a few weeks, will boost the port›s annual capacity to 4 million TEUs.

The two berths are part of the port’s strategic expansion plan, which aims to significantly upgrade the port’s capacity, thus boosting its standing in the maritime industry, both regionally and internationally, said a
statement.

“With the two new berths, the port’s annual capacity will rise to four million TEU as of the beginning of the first quarter of 2017,” said Eng Abdullah Hameedadin, managing director of the Ports Development Company, the owner and developer of King Abdullah Port.

“This will extend the port’s reach to the most important trade hubs in the region and the world, solidifying the roles of the private sector in general, and King Abdullah Port in particular, in achieving Vision 2030,” he added.

Last year, King Abdullah Port’s annual throughput rose to 1.27 million TEU, making it the fastest growing port in the world according to a study recently conducted on over 120 container ports worldwide. This figure is expected to continue rising despite the challenges faced by the market and a slowing down of global economic growth.

King Abdullah Port officials announcing the expansion work

King Abdullah Port officials announcing the expansion work

Moreover, the port’s annual capacity had risen by 25 per cent to reach about four million.

The management of King Abdullah Port expects to finalise the first phase of bulk cargo terminals with a capacity of three million tonnes, in addition to the RoRo (roll-on/roll-off) terminals with a capacity of 300,000 CEU by the beginning of 2017. This comes specifically after announcing the strategic move of signing an SAR2.7 billion ($719.8 million) financial agreement with both SABB and ANB, which reflects the banking sector’s trust in King Abdullah Port.

Run by the Ports Development Company, King Abdullah Port is the kingdom’s first port to be fully owned, developed and operated by the private sector.

With its strategic location and state-of-the-art technologies, all managed by national and global experts who strive to offer the best possible services, King Abdullah Port has earned its place at the heart of the world’s major shipping lines, all within a solid plan that will bring to reality its vision of becoming one of the largest ports in the world.




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