Bloomberg News

Jeddah Port Cargo Traffic Is Forecast to Rise 29% This Year

May 22, 2012

Jeddah Islamic Port, Saudi Arabia’s biggest, will see its cargo traffic rise 29 percent this year as transshipments, petrochemical exports and local cargoes increase, according to director general Saher Tahlawi.

Traffic will rise to 67 million tons, from 52 million in 2011, Tahlawi said at a conference in Dubai today. The port is likely to handle 4.7 million twenty-foot-equivalent unit containers, or TEUs, up from 4.01 million last year, he said.

Jeddah may build a fourth container terminal, having spent 5 billion riyals ($1.33 billion) on expanding equipment and infrastructure during the past four years, Tahlawi said.

Saudi Ports Authority controls the kingdom’s nine ports, six commercial and three industrial. Excluding crude oil, of which the kingdom is the world’s biggest exporter, the ports handled 5.7 million TEUs last year, Tahlawi said.

To contact the reporter on this story: Ayesha Daya in Dubai at adaya1@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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