Published on November 6, 2013
Saudi Arabia has decided to expand its port handling capacity by 29 million tons. Rising demand and is believed to be the reason behind these expansion plans. At present there are 208 quays and nearly 20 new quays are being planned, which will be operational within two years.
The expansion project is to be launched soon and is expected to increase the capacity of the Western Red Sea port of Jeddah and other ports to a whopping 500 million tons per annum from the current capacity of 471 million tons. The cost involved in this capacity expansion is still unknown.
The Kingdom will also see construction of more stores, import of latest equipments and state-of-the-art technology. The project is likely to be established with the corporation and support of the private sector. With the added capacity, Saudi Arabia is likely to see an increase in sea trade.
The Kingdom’s increased exports and imports have made it the biggest market in the Middle East. The expansion projects would only boost its already booming trade
