Doha: Prince Muqrin bin Abdulaziz, Saudi Arabia’s second deputy prime minister, visited the new under construction giant Rabigh port in King Abdullah Economic City yesterday. Rabigh port is slated to become one of the world’s largest boxports when fully complete, adding considerable competition to the region’s already crowded boxport scene.
“What we saw of the project developments is very encouraging,” he said.
Saleh bin Laden, chairman of the ports development company's board, said that the port will be considered the first port in the Middle East to be funded fully by the private sector, pointing out that when the port finishes its last development stages it will be one of the 10 biggest ports in the world. The first trial run of the port was held at the end of September.
Bin Laden said, "The ports capacity will reach around 20m teu per year." [09/10/13]