INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

DP World and Saudi Ports Authority to give Jeddah Islamic Port a makeover

The project will contribute to transforming Jeddah into a major international trade and logistics center.
  • The development work will be carried out in four phases, with the project scheduled to be completed by 2024
  • It includes improvements that will enable the terminal to serve five ships simultaneously and deal with the largest container ships

Dubai Ports World and Saudi Ports Authority (Mawani) have come together to expand the capacity of Jeddah Islamic Port.

The  work will be carried out in four phases, with the project scheduled to be completed by 2024.

It includes improvements that will enable the terminal to serve five ships simultaneously and deal with the largest container ships operating today and in the future, with a load of up to 26,000 TEUs.

This project is part of the new commercial attribution contract that Mawani signed with DP World in December 2019 for a period of thirty years.

The project will contribute to transforming Jeddah into a major international trade and logistics center.