Wednesday, June 3, 2020
Home > Economy > Jubail port plans projects worth $671m

Jubail port plans projects worth $671m

The Kingdom has launched 31 development projects worth SR2.518 billion ($671.5 million) at the Jubail Commercial Port.
The projects have the support of Prince Saud bin Naif, governor of the Eastern Province.
They were launched in the presence of Jabara Al-Suraiseri, Transportation Minister.
Abul Aziz Al-Twaijri, head of the General Organization of Sea Ports, said the projects include infrastructure development in addition to projects implemented by the private sector aimed at expanding activities in the area.
The General Organization of Sea Ports and the private sector projects will be implemented under a single system to make the port a productive hub of transportation operations, he said.
Recently, 14 projects valued at SR160 million were completed at the Jubail Commercial Port, including the establishment of sidewalk and expansion of a fishing port.
Currently, 10 projects are under implementation at a cost of about SR215 million. It includes the second phase of the project to deepen the western rotation basin of the northeast area the port, rehabilitation of the stations and the establishment of the sewerage network in the port of Jubail, rehabilitation and reform of the administration building, modernization and development of the electrical networks, establishment of a new backup power station, and rehabilitation of roads.
Also, 7 projects carried out by the private sector have been launched with an investment of SR1.873 billion ($499.5 million), most notably the SABIC project for logistic support which amounts to $600 million and includes transportation and storage of SABIC polymers and polypropylene products to the port for export.
The private sector projects include a project implemented by Gulf Contracting Co., Ltd., which is valued at SR550 million and includes the development of a container terminal and cargo port, as well as a project by Arab Company valued at SR281 million for chemical storage facilities valued at SR281 million.
Other projects include the involvement of Dialog, Global Marine Services Company, Saudi Polymers company, and the Alghebrtalki Company