07 Aug 2012
(MENAFN) The Saudi Ports Authority unveiled plans to invest USD164 million in the upgrade of the Kingdom’s sea ports, Saudi Presss Agency (SPA) reported.
Authority head Abdulaziz al-Tuwaijri said that the authority will set up a USD51.2 million power plant at King Abdulaziz Port in Dammam to meet increasing demand.
The authority will also build a USD46.4 million container terminal in Dhiba Port, and two container terminals at King Fahd Industrial Port in Jubail at a cost of USD38.4 million. All the port developments are scheduled to be completed within two years.
Also, a USD27.73 million terminal to service and dock passenger and leisure vessels will also be set up at Yanbu Commercial Port to support tourism to the country.
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