King Abdullah Port tops as world’s fastest growing harbor

Run by the Ports Development Company, KAP is the Kingdom’s first port to be fully owned, developed and operated by the private sector.
A report issued in 2016 by Container Management magazine, a British global publication specialized in ports, navigation, maritime transportation and container handling, showed that King Abdullah Port (KAP) is ranked by far the fastest growing of any in the publication’s list of top 120 ports. 
The report pointed out that KAP’s success in achieving rapid growth comes in light of the challenges faced by the market and a slowing down of global economic growth, with the oil sector the most affected.
Abdullah M. Hameedadin, MD, Ports Development Company, owner and developer of King Abdullah Port, commented: "All thanks to Allah, King Abdullah Port was able to triple its throughput in 2015 to be ranked the fastest growing among the top 120 ports worldwide. This in turn enhances the port's status and the Kingdom’s strategic commercial role."
Hameedadin also lauded the prominent role and outstanding efforts of all the partners in the operating sectors.
The second fastest-growing port in the world was Khalifa Port in Abu Dhabi, which increased its throughput noticeably, while throughput at its larger neighbor in Dubai grew by just two percent. 
KAP was able to significantly enhance its capabilities and is currently moving toward important achievements in terms of the project's development in general and the operations taking place. 
In 2015, the annual throughput in KAP doubled, reaching 1.3 million TEU, while the annual handling capacity increased by 50 percent, reaching 3 million TEU. 
The KAP management expects to finalize the first phase of bulk cargo terminals with a capacity of three million tons, in addition to the RORO (roll-on/roll-off) terminals with a capacity of 300,000 CEU by the beginning of 2017.
Run by the Ports Development Company, KAP is the Kingdom’s first port to be fully owned, developed and operated by the private sector.

Source: Arab News