King Abdullah Economic City Port to Open Next Year, Nadhrah Says

By Maher Chmaytelli www.bloomberg.com

King Abdullah Economic City, a $27 billion development on Saudi Arabia’s Red Sea coast, will open its port next year, a port official said.

KAEC construction

The port will have a capacity of 1.5 million containers a year, Hamdi Nadhrah, head of business development at the Red Sea Gateway Terminal in Jeddah, told a Middle East Economic Digest conference in Abu Dhabi.

Red Sea Gateway is the third and newest terminal at Jeddah, the kingdom’s largest port. King Abdullah Economic City is about 120 kilometers (74 miles) north of Jeddah.

To contact the reporter on this story: Maher Chmaytelli in Dubai at mchmaytelli@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net