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FINANCIAL NEWS
Saudi- SPA inks USD426m project contracts in 2012
24 Sep 2012
(MENAFN) The Saudi Ports Authority (SPA) inked USD426 million worth of agreements for the establishment and development of several projects in a number of seaports during the current year, reported Arab News.
The contracts include preparing plans for the Dammam King Abdul Aziz port and commercial ports in Jubail, Jazan, Dhuba and Yanbu.
Furthermore, they include the establishment of a power generating factory at the King Abdul Aziz Port in Dammam, a container wharf at the Dhuba Port, 2 container wharves in the King Fahd Industrial Port in Yanbu, a passenger and services wharf at the Yanbu Commercial Port, in addition to a large multistory car park at the Jeddah Islamic Port.
It is worth noting that SPA has 9 major seaports with 206 wharves, from which 95 percent of the country’s non-oil exports are undertaken.
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