Saudi Signs Port & Shipyard Contracts

Saudi Port Authority
Tuesday, March 06, 2012

Saudi Ports sign contracts for upgradilng ports & rents out shipyard

The Saudi Ports Authority has signed contracts worth s total $130 million for develpment and maintenance of ports including: King Abdul Aziz Port in Damman, King Fahd Industrial Port in Yanbu for use of Yasref refining company.

In addition a 10-year contract was signed with Al=Balagha Trading Group for the rental of King Fahd Shipyard.

 

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