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Showing posts from January 26, 2014

New Global Logistics Hub Activated as Saudi Arabian Mega Port Commences Operations

BY REUTERS ON JANUARY 26, 2014




Image: PDC









By Mirna Sleiman




















DAVOS, Switzerland, Jan 26 (Reuters) – Emaar Economic City, a big Saudi real estate firm, has started operations at the country’s first privately owned port and will more than triple investment in the facility over the next five years, the company’s chief executive said.













“Shipping lines are redrawing their logistics maps, where they stop and where they go. It will impact every port around the world,”
Fahd Al Rasheed said in an interview on the sidelines of the World Economic Forum in Davos.













Emaar Economic City, a consortium headed by Dubai’s Emaar Properties and Saudi investors, is focused on building the King Abdullah Economic City, a special economic zone up Saudi Arabia’s Red Sea coast from Jeddah.











The zone is projected to be the size of Washington, D.C. when completed, hosting as many as 2 million people and helping to diversify the country’s economy beyond oil into light industry and shipping.









The project is important for Saudi …

IMAGES FROM 2014 KEY WEST FOOD & WINE FESTIVAL

Celebrating Key West's culinary scene, the Key West Food & Wine Festival continues through Sunday.


 Earlier Saturday, an offbeat event. 

Coconut Bowling at Blue Heaven Restaurant with Steve Torrence in the lane. Photo : Rob O'Neal