The UAE, Bahrain and Saudi Arabia all opened major new port terminals in 2009. For all the doom and gloom in the global economy, spending on port developments in the Middle East is still growing, and with $46.5bn worth of port development projects now planned or under way, the market for building and expanding the region’s ports has proved to be far more resilient than the wider construction sector.
| > Qatar boasts nearly $11.5bn worth of projects under way. These include the $7bn New Doha Port on the outskirts of Mesaieed, which will replace the inner-city Port of Doha from 2014. |
| > Given Saudi Arabia’s proximity to the trade lanes to the Suez Canal, the Kingdom is currently spending $9.5bn on port development. |
| > Egypt has $6.7bn worth of port developments under way and is looking to attract inward investment of more than $9bn to support its port expansion. |
| > The UAE continues to invest heavily in developing port capacity. Valued at $2.1bn, Khalifa Port & Industrial Zone is expected to open in late 2011 with a start-up capacity of 2 million TEUs and 6 million tonnes of general cargo. |
| > Jordan’s $700m project comprises a bulk terminal to handle up to 15 million tonnes a year, a ferry terminal, and a grain terminal able to handle 2.5 million tonnes a year by 2013. |
| > Kuwait is planning a $2bn port, Iran is investing nearly $1.3bn and Iraq is developing a new port on the Al-Faw peninsula valued at US$6bn and assessing the possibilities of privatising Umm Qasr Port. |
With the critical construction phases well underway in Khalifa Port in Abu Dhabi and the ongoing developments of significant projects in the UAE and Middle East region, The World Ports & Trade Summit is an unmissable opportunity to see developments in the UAE first-hand, understand the commercial opportunities available in the region and to meet the people behind the projects taking shape.