Saudi Arabia Invests Big in Ports
- Business & Finance
Current and planned infrastructure development for Saudi Arabian ports comes to a total $30 billion (£19.1 billion), reported the Chartered Institute of Logistics and Transport, CILT (UK).
The sum came to light at the first Saudi Maritime Congress, where 200 delegates heard a series of experts explain the country’s rapid maritime development over November 26th and 27th.
One of these was Hassan Abouraya, international marketing and risk management executive at Zamil Offshore Services.
He encouraged future developments, saying: “Only two old repair yards with limited docking capabilities are available in Jeddah and Suez. There is room for at least one world class ship repair yard to be built.”
The congress was hosted by Jabara bin Eid Al Suraiseri, Saudi Arabian transport minister and chairman of the Saudi Ports Authority.