What investments is Ras Al Khaimah making in expanding infrastructure at Saqr Port?
Venkatesh Govinda: Saqr Port will break all records and will handle 30 million tonnes of bulk and assorted cargo during 2008. Our volume was 22 million tonnes in 2007. We have purchased three new mobile harbour cranes and two new shiploaders, bringing the total to 15 loading and unloading equipment. To meet the growing demand, Shaikh Saud Bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, has issued directives to construct the second phase of Saqr Port with an investment of $900 million. The second phase will have a total of 13 berths with a water depth of 15.5 to 18 metres. At present we are doing geo-technical works. The expansion project will be completed in 2011. Apart from that, the construction of Hulaylah Industrial Park is under way near Saqr Port. The project cost is Dh400 million and it will be ready in 2010. It will offer quay walls to logistics companies. It suits companies that do activities like oil blending. It is a dead-end channel and will provide 2.5
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