Prince Mohammed bin Salman bin Abdulaziz of Saudi Arabia inaugurated the King Abdullah Port during his visit to King Abdullah Economic City, on February 11. The King Abdullah Port is the kingdom and region’s first port developed, managed and operated by the private sector.
King Abdullah Port was established on the basis of an ambitious vision that the Kingdom of Saudi Arabia needs a world-class port that will be able of accommodating modern vessels and absorbing increasing imported goods.
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The port has established partnerships with shipping companies, banks and international companies operating port operations, in addition to investments that surpassed 13 billion riyals.
The state will be overseeing, organizing and coordinating all government agencies involved in King Abdullah Port activities. This aims to ensure the smooth flow of work at the port, one of the latest mega infrastructure projects in the Middle East, and an example of the success of the partnership between the state and the private sector.
