2006 News Story

Kingdom has invested $10.7 billion in its ports network

Saudi Arabia has spent more than SR 40 billion [$10.7 billion] to build and improve its network of eight ports, said Director General of the King Abdulaziz Port Na’eem Al-Na’eem today. Al-Na’eem is also Chairman of the Board of Directors of the Federation of Arab Ports (FAP).

Al-Na’eem said that the private sector has invested SR 3 billion [$800 million] in the Kingdom’s ports network, the largest in the Middle East.