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$433m Jeddah port expansion
- Saudi Arabia: Tuesday, December 26 - 2006 at 09:54
Saudi will invest $433m to increase by 45% capacity at Jeddah Islamic Port, Arab News reported. Saudi Trade and Export Development Company has been contracted to develop and operate a third container terminal at JIP on a build-operate-transfer basis. The port will have a capacity to handle 2m TEU containers a year. The work will take around three years to complete.
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James McInerney, News EditorTuesday, December 26 - 2006 at 09:54 UAE local time (GMT+4)
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This article was updated on Sat Jan 13 2007.
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