East beating west – a tale of two (US) coasts
And no change anytime soon
Saudi Arabia expects to steal market share from Jebel Ali once its new port – planned to be one of the world’s largest – opens in King Abdullah Economic City. Officials say the megaport will take cargo destined for Riyadh, which currently goes through Dubai. The new city is one of four approved by the late king and is expected to be larger than Washington DC. Only 15% has been built so far.
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