Middle East Economic Survey

VOL. LIII

No 23

7-Jun-2010

SAUDI ARABIA

Saudi Arabia To Invest $399Mn In Ports, Privatization Process To Resume

Saudi Arabia has earmarked SR1.496bn ($399mn) of this years budget for investment in ports, an increase of 40% over last year, Saudi Press Agency quoted Saudi Ports Authority President Khalid Bubshait as saying on 31 May. The investment will include modernizing infrastructure of some ports and the building of new berths at Ras Al-Zour. The authority is...