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FINANCIAL NEWS
King Abdullah Port’s throughput grows by 8pct
11 Jan 2017
(MENAFN) King Abdullah Port exposed the increase of its annual throughput to 1.4mn TEU by the end of 2016, showing an increase of 8 percent compared to 2015.
The annual throughput increase comes despite the challenges facing the markets and the slowdown of global economic growth.
Furthermore, the port”s annual capacity grows to 4mn TEU after making preparations and operation of the two new berths that will start this year.
Accordingly, the port looks forward to bright future and is taking steady steps toward becoming a prime East-West hub on the main trade between Asia and Europe.
M
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