King Abdullah Port to complete two new berths early next year
Construction of two new berths, five and six, are slated to be completed at Saudi Arabia’s King Abdullah Port by early next year, expanding the port’s annual capacity.
The berths are currently under development as part of the port’s strategic expansion plan, which seeks to increase capacity as well as enhance its position in the regional and international maritime industry.
Last year the port, operated by Ports Development Company, witnessed an annual throughput of 1.27 million twenty-foot equivalent units (TEU).
Additionally, the port’s annual capacity was already increased by 25% to reach about four million.
Ports Development Company managing director Abdullah Hameedadin said: “With the two new berths, the port’s annual capacity will rise to four million TEU as of the beginning of the first quarter of 2017.
“This will extend the port’s reach to the most important trade hubs in the region and the world, solidifying the roles of the private sector in general, and King Abdullah Port in particular, in achieving Vision 2030.”
Furthermore, the company is set to finalise the first phase of bulk cargo terminals, with a three million tonne capacity, as well as roll-on / roll-off (RORO) terminals with a capacity of 300,000 car equivalent units (CEU), by the beginning of next year.
The proposed terminal construction plan has been followed by a new SAR2.7bn ($719m) financial agreement signed between Ports Development Company and Saudi British Bank (SABB) and Arab National Bank (ANB).
King Abdullah Port currently spreads across a total area of 15km² and when completely developed, the port will handle 20 million TEU containers, 1.5 million CEU vehicles and 15 million tonnes of clean bulk cargo annually.
Image: King Abdullah Port to increase capacity with two new berths. Photo: courtesy of King Abdullah Port.