The Saudi ports authority said this week it had completed a SAR1 billion ($270 million) expansion of Jeddah Islamic Port as tensions in the Red Sea continue. The project to deepen and expand the northern container terminal in Jeddah, to be operated by the Red Sea Gateway Terminal (RSGT) company, more than doubles capacity from 700,000 to 1.5 million square metres. Handling capacity has risen from 2.5 million containers to 6.2 million, with 11 platforms, a statement said. In Jeddah the northern channel of the Red Sea Gateway Terminal can now take giant ships with a draft of up to 17 metres, the company said. Dubai’s DP World operates a container terminal inside Jeddah Islamic Port, the traditional landing point for Muslim pilgrims heading to Mecca by sea. DP World is also building a logistics park. Saudi Arabia is trying to increase port capacity to more than 40 million standard […]