SAUDI ARABIA's the Red Sea Gateway Terminal (RSGT) the big container terminal at Jeddah Islamic Port, has been officially opened by Saudi Transport Minister Jabara Al-Seraisry.
The number of containers received by the Saudi ports rose from 5.3 million units in 2010 to 5.7 million in 2011. This reflected positively on their revenue as it rose from SAR2.97 (US$792 million) to SAR3.3 billion during the same period.
"Red Sea Gateway is first of its kind in Saudi ports," said Mr Al-Seraisry, adding that the terminal has a high degree of professionalism, thus increasing the port's capacity and creating more jobs.
The terminal is run by the Saudi Industrial Services group SISCO-Red Sea Gateway and is the first privately funded, build operate and transfer (BOT) port development agreement in Saudi Arabia.
Mr Al-Seraisry thanked King Abdullah for his support to the terminal project as well as for his judicious directives to strengthen the kingdom's transport sector.
Abdul Aziz Al-Tuwaijri, chairman of Saudi Ports Authority, highlighted the development achieved by Saudi ports during the past years, adding that their capacity rose from 373 million tons in 2010 to 413 million tons in 2011, reported the Saudi news agency Arab News.
Covering over 500,000 square metres, the Red Sea Gateway Terminal was built to set a benchmark advancing other port terminals around the region, exploiting approaches such as intelligent design and layout, cutting-edge technologies and value-added logistics and capabilities, said the report.
Jeddah is at a strategic location, which makes it an obvious choice for access into the regional markets. But before the arrival of RSGT, it lacked both the capacity and the capability to handle the operational demands of shipping lines, and of course the new mega vessels, said the report.
WORLD SHIPPING
25 April 2012 - 22:42
Jeddah's Red Sea Gateway Terminal opens as volumes show steady growth
SAUDI ARABIA's the Red Sea Gateway Terminal (RSGT) the big container terminal at Jeddah Islamic Port, has been officially opened by Saudi Transport Minister Jabara Al-Seraisry.
WORLD SHIPPING
25 April 2012 - 22:42
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