Red Sea Gateway Terminal (RSGT), the new container terminal at Jeddah Islamic Port, was officially inaugurated yesterday. It is the first privately funded, build operate and transfer (BOT) port development in Saudi Arabia.
The terminal was
The Saudi Defence Ministry allowed Iranian naval vessels to dock at one of its ports in the Red Sea earlier this month during a training mission, Saudi Arabia's Defense Ministry spokesman said.
Saudi defence officials played down the sign
Malaysian infrastructure and energy group MMC Corp has won the right to jointly develop and operate a terminal at Jeddah Port.
The deal is worth about 2 billion ringgit ($598.8 million), MMC said on Monday.
Under the plan, MMC's in