Saudi seaports to face sharp import increase
The Saudi Public Seaports Authority recently stated that the kingdom’s seaports are well prepared to handle the rise in imports expected in the near future following governmental decisions to reduce customs fees.
Abdul-Aziz Al-Manea, head of the Authority, said that he predicted imports to Saudi Arabia to increase dramatically as a result of the decrease in taxes, dropping from the previous 12 percent, to merely five percent. He expressed certainty that the seaports would be capable of handling the projected pressure.
Al-Manea cited that last year Jeddah seaport saw a 4.7 percent growth in freight activities, although costumes had not yet been lowered. The volume of the cargo exchanged at the port reached 18.5 million tons in 2000. More than one million containers were shipped through the Jeddah Seaport over the same period. ― (MENA Report)
© 2001 Mena Report (www.menareport.com)