VOL. XL

No. 25

23-June-1997

SAUDI ARABIA

More Contracts Awarded In Saudi Ports Privatization Scheme

Saudi Arabia's Ports Authority (Seapa) announced that it has awarded afurther two 10-year-lease contracts as part of the country's port privatization scheme,which aims to upgrade the services and facilities of the country's most important tradeterminals. The awards to al-Bakry Company for the King Fahd Ship Repair Yard in JiddahIslamic Port and to Deana Marine Services Company for the lease of...