Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
UAE
Print
Email
Discuss this article (0 Comments)CHEC wins US $230mn Jeddah deal
by This email address is being protected from spam bots, you need Javascript enabled to view it on Saturday, 01 December 2007
China Communications Construction Company Forth Harbor Engineering (CHEC) has won a contract worth US $230 million (AED 840 million) for the construction of the container terminal at Jeddah Port in Saudi Arabia.
According to a statement on the company's website, construction will begin at the start of January 2008 and is expected to take 22 months.
The client is the Saudi Trade & Export Development Company (Tusdeer).
The project will involve the construction of two gravity container terminals, a 300,000m2 back stack yard and dredging engineering.
The terminal will also be equipped to accommodate the biggest and latest container vessels under design, and will include a handling and storage area covering about 400,000m2.
An investment of $443 million has been earmarked to increase the capacity of the Jeddah Port by 45%. The project will help to maintain Jeddah's lead as the hub port of the region.
Dredging work on the project began a few months ago, with work expected to take around three years to complete. The new container terminal, which is being built on reclaimed land along the re-export zone in Jeddah International Port, is expected to handle up to two million twenty-foot-equivalent units (TEUs) of containers annually.
The terminal is also expected to contribute to the planned Land Bridge, creating a fast and efficient land-based link from the Red Sea to the Gulf.
READERS' COMMENTS
Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST CONSTRUCTION & INDUSTRY
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST CONSTRUCTION & INDUSTRY
LATEST MIDDLE EAST BUSINESS NEWS
- Banking & Finance: Dubai gov't repays $1bn aviation bond
- Personal Finance: Credit bureaus combine to form regional group
- Healthcare: Kuwait swine flu fatalities rise to 24
- Politics & Economics: Mideast needs to improve insolvency rules - World Bank
- Travel & Hospitality: ADNH sees net profit up by 28% but hotels suffer
From 
SHARE PRICE CHECK
RELATED STORIES
China Communications Construction Co (CCCC)
| 2 stories- IPO raises US $2 billion
16 Dec '06 | News
Saudi Trade and Export Development Company (Tusdeer)
| 2 stories- Chinese firms win $443mn Saudi Port deal
27 Nov '07 | News
Mobile
