“NEOM Port” Opens to Investors and the Business Sector

  • Riyadh, KSA
  • 18 May 2023
1

Saudi Arabia has opened "Neom Port" to investors and the business sector, in order to attract a consortium of a group of companies, to start the work of the first phase of the development of the port, by awarding contracts for the construction of a number of mobile cranes, container terminals and other equipment.

This comes after NEOM announced last year that the management of Duba Port was transferred from the General Authority of Ports to NEOM, which was renamed NEOM Port."

The port is located in Oxagon for advanced and sustainable industries and is the main maritime trade gateway to the northwestern region of the Kingdom. The port has undergone many development works since the transfer was completed, as its structure and capabilities have been enhanced to accommodate the increasing volume of cargo coming to NEOM, and the increase in container and general cargo handling.

Source (Al-Arabiya.net Website, Edited)

Related News

Saudi Economy to Grow 1.3 Percent In 2024

  • Kingdom of Saudi Arabia
  • 11 March 2025

Saudi Bank Deposits Grow 9% to $728 Billion

  • Kingdom of Saudi Arabia
  • 3 March 2025

Saudi Non-Oil Exports Increased by 18.1 Percent

  • Kingdom of Saudi Arabia (KSA)
  • 25 February 2025

Get an annual subscription in Al-Omran Al-Arabi Magazine

SUBSCRIBE NOW