The entrance of King Abdullah Economic C

There are, no doubt, many things going on at the World Economic Forum in Davos, but one story that caught our eye is that Saudi consortium Emaar Economic City has major plans for its new port at King Abdullah Economic City, along the Red Sea coast from Jeddah.  The new city, a special economic zone, is expected to house some 2m people and the port, which opened in January, has (of course) plans to become a global logistics hub. Some $2.4bn will be invested by 2018, by when the port’s capacity is scheduled to be 7m teu – with an ultimate goal of 20m.

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  • Lou Roll

    January 27, 2014 at 5:16 pm

    KAP has now started to operate. Its design and construction have been led by the US engineering group AECOM, which also led the London Gateway Terminal design and construction.

    The Saudi partner of PDC, the KAP development company, is the Saudi Bin Ladin Group.

    MSC’s terminal operations affiliate, TIL SA, will have its own terminal there (http://www.tilgroup.com/terminal/port-red-sea), which one assumes will receive call by vessels of the P3 Alliance, when it is operational.

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Saudia Arabia