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King Abdullah Port opens 100 kilometres north of rival Jeddah
KING Abdullah Port (KAP), 100 kilometres north of Jeddah on the Red Sea, has loaded its first export cargo of 54 containers of polymers aboard the Singapore-bound 14,000-TEU MSC Daniela, the Saudi Ports Authority announced.
KAP, described as Saudi Arabia's first privately owned and funded port, is keeping a low profile as it prepares to fulfill its role as a major east-west transshipment port.
KAP will be compete with the Saudi Arabia's largest gateway with a 4.3 million TEU throughput last year, having suffered a 3.7 per cent year-on-year decline.
With a first stage 2.7 million TEU capacity, the port offers ro-ro, bulk, general cargo and container terminals.
It is being built by Ports Development Co, a joint venture between the Saudi Binladin Group and Emaar, the Economic City. Dutch ports group Terminal Investment Ltd, with close links to MSC, is also involved.
EEC is the master planner of King Abdullah Economic City, a U$50 billion development project covering 168 square miles, developed over three phases, with completion in 2020.
KAP, described as Saudi Arabia's first privately owned and funded port, is keeping a low profile as it prepares to fulfill its role as a major east-west transshipment port.
KAP will be compete with the Saudi Arabia's largest gateway with a 4.3 million TEU throughput last year, having suffered a 3.7 per cent year-on-year decline.
With a first stage 2.7 million TEU capacity, the port offers ro-ro, bulk, general cargo and container terminals.
It is being built by Ports Development Co, a joint venture between the Saudi Binladin Group and Emaar, the Economic City. Dutch ports group Terminal Investment Ltd, with close links to MSC, is also involved.
EEC is the master planner of King Abdullah Economic City, a U$50 billion development project covering 168 square miles, developed over three phases, with completion in 2020.
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