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King Abdullah port pushes ahead with berths to attract cargo
KING Abdullah port, the first privately owned in the kingdom, represents the future of maritime business and will contribute to the Saudi economy as envisioned in 2030, says Ports Development Company managing director Abdullah Hameedadin.
"It aligns with the national plans to develop non-oil based economies, taking into consideration the kingdom's increasing economic strength, strategic location and important role as a gateway to international markets," he said in the Saudi Gazette.
The port opened a fourth berth, raising capacity from two million TEU to three million TEU annually by mid-2015. Last year the port handled 1.3 million TEU, up from 500,000 TEU in 2014.
The facility will eventually have five operating ro-ro berths, which will provide an annual capacity of 1.5 million TEU.
"It aligns with the national plans to develop non-oil based economies, taking into consideration the kingdom's increasing economic strength, strategic location and important role as a gateway to international markets," he said in the Saudi Gazette.
The port opened a fourth berth, raising capacity from two million TEU to three million TEU annually by mid-2015. Last year the port handled 1.3 million TEU, up from 500,000 TEU in 2014.
The facility will eventually have five operating ro-ro berths, which will provide an annual capacity of 1.5 million TEU.
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