ECONOMY

Al-Falih: King Abdullah Port can become the largest in the Middle East

Saudi Energy, Industry and Mineral Resources Minister Khalid al-Falih speaks to reporters. (Al Arabiya)

Saudi Arabia is aspiring to make the King Abdullah Port the largest in the Middle East, Saudi Energy, Industry and Mineral Resources Minister Khalid al-Falih said.

Speaking to reporters during his visit to the King Abdullah Economic City in Rabigh, al-Falih said he had confidence that the goal would be achieved due to a number of factors which the port enjoys, including its strategic location on the Red Sea.

"It is currently the second biggest port in the Kingdom of Saudi Arabia and after its further expansion, we hope it will jump to being the largest in the Middle East. It is well-equipped with all its capabilities, especially its location on the Red Sea coast facing the continent of Africa and between 12-13 percent of the global marine traffic," al-Falih told reporters.

The King Abdullah Port is the first port in the region fully-owned, developed and managed by the private sector. Classified as the fastest growing container port, it was listed as one of the world’s largest ports, less than four years after its launch.

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Last Update: Sunday, 14 April 2019 KSA 19:50 - GMT 16:50
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