Saudi Arabia plans plans to develop its seaports with new investments to bring them on par with international counterparts.
The country is considering investing US$8 billion on modernising and equipping all its ports.
Saudi Arabia has eight seaports, six of which are commercial and two industrial. The location of the ports on the Red Sea and the Gulf makes the kingdom a central commercial hub for the Middle East, North Africa and Central Asia.
The modernisation will include the ongoing construction of the third container station in the northwestern part of Jeddah port that will cost more than $427.1 million and have a capacity to handle up to 1.5 million containers.
Jeddah port achieved a record growth in the handling of containers during the year 2007, with about four million containers, which was a sizeable increase over 2006.
The country is considering investing US$8 billion on modernising and equipping all its ports.
Saudi Arabia has eight seaports, six of which are commercial and two industrial. The location of the ports on the Red Sea and the Gulf makes the kingdom a central commercial hub for the Middle East, North Africa and Central Asia.
The modernisation will include the ongoing construction of the third container station in the northwestern part of Jeddah port that will cost more than $427.1 million and have a capacity to handle up to 1.5 million containers.
Jeddah port achieved a record growth in the handling of containers during the year 2007, with about four million containers, which was a sizeable increase over 2006.