Middle East
Growth in Saudi ports spurred by private investment
Riyadh: Captain Mahmoud Harbi, director of Duba port said that the private sector pumped additional investment into Saudi ports worth 28 billion riyals, which has helped achieve revenues for the state worth four billion riyals a year since the General Organization for ports started privatising operations and management.
Harbi said that the Ports Authority has signed 28 contracts with Saudi and jv companies to work in the ports. [29/05/13]