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November 8, 2012

Saudi Arabia to invest $914m in port expansion projects

Saudi Arabia will unveil its $914m investment plan for ports at Seatrade Middle East Maritime (SMEM) 2012, to be held in Dubai from 27 to 29 November 2012.

By admin-demo

Saudi Arabia will unveil its $914m investment plan for ports at Seatrade Middle East Maritime (SMEM) 2012, to be held in Dubai from 27 to 29 November 2012.

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According to a September 2012 Drewry Maritime Research survey commissioned by Seatrade, the country’s container activity has grown and accounted for 20% of the region’s throughput in 2011 with 5.69 million twenty-foot equivalent units (teu).

Around $750m will be invested in the growth of Dammam’s King Abdul Aziz Port, $535m will be spent on container terminal capacity expansion and $213m will be invested in other facilities.

Approximately $164m has been earmarked for Saudi Ports Authority’s development plan, including setting up a $51m power plant at King Abdul-Aziz Port to increase power generation capacity from 50MW to 120MW.

The money will also be used for a new $46m container terminal in Dhiba Port and two additional container terminals at King Fahd Industrial Port in Jubail at a cost of $38m. The container terminals are scheduled for completion by 2014.

The projects include a second container terminal at King Abdul Aziz Port, scheduled to start operations in 2015, with a quay length of 1,200m and 12 quay cranes, and a design capacity of 1.8 million teu per year.

Saudi Ports Authority also aims to build a $27m cruise and leisure vessel terminal at Yanbu Commercial Port.

In the first half of 2012, the Saudi Ports Authority recorded a rise in imports and exports of 5.15%, increasing to 3.6 million tonnes. Total tonnage throughput growth of 29.5% is forecast for 2012, with an average increase of 10.9% per annum through to 2016.

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img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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