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FINANCIAL NEWS
Saudi King Abdullah Port throughput up 8pct in 2016
14 Jun 2017
(MENAFN) King Abdullah Port registered an annual throughput of 1.4mn TEU by the end of last year, an increase of almost 8 percent compared to 2015.
Moreover, the port also raised its annual capacity to more than 4mn TEU, with the completion of the infrastructure of the fifth and sixth berths.
Additionally, the Port inked a funding agreement for expansion worth USD719mn with SABB and ANB, while the volume of investments surpassed SR10bn by the end of 2016.
The first phase of bulk cargo terminals is near finishing and will be completed by the end of the year, with a capacity of 3mn tons.
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MENAFN1406201700450000ID1095558424
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