In a bid to keep up with the fast growth rate of its port and shipping sectors, Saudi Arabia is planning US$30 billion of infrastructure projects.
Trade Arabia reported Bloomberg as saying that the new Saudi Arabian port projects include the Jeddah Islamic Port (JIP) expansion which will increase capacity by 45%.
A $510 million Red Sea Gateway Terminal was also launched at JIP and was developed on 40ha of reclaimed land. It has a 740m main berth, as well as a 390m feeder berth.
In January 2014, a seaport in phase one of the $26-billion King Abdullah Economic City (KAEC) was opened.
In addition, marine facilities totalling $210 million were established, as well as a $35 million Dareen Port expansion project by Saudi-Arabian oil company Saudi Aramco.
Saudi Arabia in $30bn Port Infrastructure Drive. (Source: Construction Week Online)
