KAP secures funding

News-in-print

King Abdullah Port (KAP), which is Saudi Arabia’s first privately owned port, has secured funding of SAR2.7B (US$720M) from SABB (an HSBC affiliate) and the Arab National Bank. It means that the port’s owner and developer, Ports Development Company (PDC), can move forward with the next stage of its expansion programme, which is centred in the southern basin area of the KAP complex.

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