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DP World
In April 2008, Emaar, the lead developer of King Abdullah Economic City (KAEC), selected global marine terminal operator DP World to develop and operate the City’s seaport. A critical component of KAEC’s development, the seaport will be one of the world’s top 10 ports and the largest in the Red Sea, with capacity at 20 million TEU.
KAEC Sea Port is the first seaport in the Kingdom to be completely financed by the private sector. Situated on one of the largest and busiest sea routes in the world, the port is expected to serve significant cargo flow, and will be equipped to receive next-generation mega-vessels.
The first cargo terminal is scheduled to come online in 2010, with phased expansions planned. The port will be integrated with the City’s Industrial Zone to provide a seamless logistical solution that gives local industry unprecedented access to markets in Europe, Asia and beyond.
DP World is currently the fourth largest port operator in the world and has a portfolio of 43 terminals and 13 new developments across 28 countries. It has established expertise in designing, building and operating ports in developed and developing countries.
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