The President of Saudi Ports Authority, Dr. Khalid Bubshait emphasized the importance of strategic partnerships with international ports such as Singapore, Shanghai and others for the development of services, which have been sought by the Authority to reach a high standard of efficiency in ports management. In a press statement following the 5th session of the 2nd Saudi Maritime Forum 2010 here today, he pointed out that the investments of the private sector in Saudi ports amounted to more than SR 7 billion, emphasizing that 70 percent of ports operations are being carried out by the private sector. As for the port to be established at King Abdullah Economic City, Bubshait said it will be fully established by the private sector, and that it differs from the current ports on which the Government has spent SR 40 billion for constructing the infrastructures.
