The Port of NEOM in Saudi Arabia has allocated over $2bn for its development which will include CMA CGM liner services, storage, breakbulk facilities and passenger services. The port is an access point for resources needed for the expansion of the city of NEOM, which is situated north of the Red Sea and covers an area of 26,500 square kilometres. The redevelopment project worth $49m includes infrastructure, terminals, warehouses, rail services, and a sustainable energy network.
Boskalis and BESIX have won a $540m design and build award to aid the development of the port. Crane and equipment orders have also been placed with Saudi Liebherr and Shanghai Zhenhua Heavy Industries Company. The first container terminal is set to begin operations in early 2025 and Sean Kelly, Managing Director of the Port of NEOM, said the new port is a key enabler for the development and commercial ambitions of NEOM.
Tags: Middle East and Africa,NEOM