Saudi Arabia Spends 574m Riyals on Dhiba Port Projects: SPA

Dhiba investments include 242.8m riyals on expanding port channel and multi-purpose berth and building pier, official Saudi Press Agency says. * These projects to be inaugurated tomorrow: SPA * Additional 248.6m riyals on new projects, including container pier and two berth terminals: SPA * NOTE: 2013 budget allocation for transportation and telecommunications expanded 84 percent to 65 billion riyals, according to data on Finance Ministry website. * NOTE: New projects, worth 30 billion riyals, include 3,700 kilometers of roads and additional berths at expanded ports. NSN MHRAJF6S9740 <GO> * NOTE: Kingdom has 206 mechanized and organized berths, 11,000 ships dock a year in ports on the Red Sea and the Persian Gulf, according to data on Saudi Ports Authority website.

To contact the reporter on this story: Glen Carey in Riyadh at gcarey8@bloomberg.net

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