Riyadh – Mubasher: King Abdullah Port announced on Wednesday that its annual throughput increased 8% year-on-year by the end of 2016 to 1.4 million TEU (twenty-foot equivalent unit).
King Abdullah Port received 729 vessels in 2016, compared to 637 vessels in 2015, according to a statement.
The port said that the increase in the annual output comes despite the challenges facing the markets and the slowdown of global economic growth.
The King Abdullah Port’s annual output rise to 4 million TEU after the completion of the infrastructure works for Berth 5 and Berth 6, which will start operations in 2017.
“King Abdullah Port is looking forward to a bright future and is taking steady steps towards becoming a prime East-West hub on the main trade route between Asia and Europe, especially that around 30% of world trade volume, apart from crude oil and petroleum products, pass through the Red Sea,” Said Abdullah Hameedadin, Managing Director of the Ports Development Company, owner and developer of King Abdullah Port.
“The completion of construction of the two new berths is part of the strategic expansion plans aiming at increasing the capacity and strengthening the port’s position on the regional and global maritime map, which confirms the important role expected from King Abdullah Port and the private sector in general to contribute to achieving Saudi Vision 2030,” he added.
