Saudi Arabia is planning to build a new container terminal at Jeddah Islamic Port on the central Red Sea coast. This will help reduce reliance on the Strait of Hormuz and expand cargo-handling capacity at the second-busiest port in the Arab world.
Curated by CityCalc from AGBI. Read the full article at the source.
Related articles
- Dubai is open for business – but not yet business as usual — For a city ludicrously described as a “ghost town” in British media this week, Dubai looks surprisingly busy. Ceasefire has brought a resump
- IEA chief predicts two years for Middle East energy recovery — Oil and gas production in the Middle East will take around two years to reach pre-Iran war levels, the head of the International Energy Agen
- Abu Dhabi, Qatar and Kuwait sell $7bn of bonds privately — Abu Dhabi, Qatar and Kuwait have issued $7 billion of bonds in private placements since the start of the US-Israeli war on Iran, selling dir
- UAE schools to return in person but not all pupils — UAE schools returning to in-house learning next week may find classrooms light on pupils as some parents choose to continue their childrens&
- A Dubai business leader’s crisis plan: buy when others run — The chairman of the Palmon Group conglomerate has been through unsettling times in the Gulf before, but knows how to treat them as an opport