King Abdullah Port has signed an agreement with port operator ‘AMSteel’ for the operation of its first bulk and general cargo terminal berth for a period of 25 years.
The management of King Abdullah Port expects the completion of the first phase of bulk and general cargo terminals with a capacity of three million tons, to be ready at he beginning of the second quarter of 2018.
According to Eng. Abdullah M. Hameedadin, Managing Director of the Ports Development Company, owner and developer of King Abdullah Port, this agreement will develop its capabilities in the field of bulk and cargo.
He continued by saying: “It will enable us to actively contribute to promoting this industry due to its economic benefits and its support for the development journey in the Kingdom.”
King Abdullah Port successfully developed its capacities and raised its annual throughput to 1.4 million TEU by the end of 2016. Additionally, the port’s annual capacity has reached four million TEU.