Saudi Ports signs contracts valued at SR500m
2012-03-05 - | Saudi Arabia | Latest News - Saudi Arabia: The Saudi Ports Authority has signed a number of contracts for the development and maintenance of ports at a cost of SR500m, Arab News has reported. Among these contracts, three are for King Abdul Aziz Port in Dammam where two wharfs will be established to handle bulk goods at a cost of SR170m. An SR53m contract was also signed with Al-Balagha Trading Group to rent King Fahd Shipyard at the port for 10 years. Two contracts were signed for King Fahd Industrial Port in Yanbu where a new wharf will be constructed at a cost of SR129m for Yasref refining company to export petroleum products.  

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