By K.S. Ramkumar, Arab News

JEDDAH, 26 December 2006 - An investment of SR1.662 billion ($443 million) has been envisaged to increase the capacity of the Jeddah Islamic Port (JIP) by 45 percent. This follows the signing of a license agreement by Minister of Transport and Chairman of Sea Port Authority (SEAPA) Jabara Al-Seraisry with Saudi Trade and Export Development Company (Tusdeer) at a ceremony here yesterday. Tusdeer will develop and operate a third container terminal at JIP on a build-operate-transfer (BOT) basis.

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Posted by pichu at December 26, 2006 4:28 PM