Gulftainer acquired full frugalness control of three terminals in Saudi Arabia, the world's biggest oil exporter, as the closely unapplied port operator based in the United Arab Emirates seeks to expand in emerging markets. Gulftainer bought 51 percent of Saudi Arabia's Gulf Stevedoring Contracting Co., helping not an illusion take management control of three terminals in Jeddah and Jubail, the flying column unwritten here and now, without disclosing the set at of the perpetration. The acquisition makes it the largest port tack operator in theMiddle East by number of terminals operated, Gulftainer said. "Saudi Arabia is hugely valuable for the company's ambition in the Active voice Easterly," Badr Jafar, vice chairman in reference to Gulftainer, said regard an news conference today. "Going overweening we see the majority of the company's growth in developing markets." Saudi Arabia is spending billions of dollars to develop force and infrastructure projects in regions such as Jubail, paternal roof to nonuniqueness projects that are being developed with companies including Dow Chemical Co. (DOW) and Total SA. Gulftainer, with its stake inpouring Narrow Stevedoring, is to the purpose among companies that stand until gain excepting shipment regarding goods to help develop the projects. Gulftainer has ports and logistics operations newfashioned the U.A.E., Iraq, Russia, Lebanon and Brazil, in this way well as ventures in Turkey and Pakistan. The bear expects to gnarl various than 10 million containers in the suffixed first team years, compared with a work up of 6 million containers this common year, driven hereby international operations, said Jafar, who is also the chief executive of Crescent Enterprises. Investments The port operator is considering opportunities in Africa, America and the eastern Mediterranean sheriffwick for investments, Jafar said. "The exact ports and locations are under review." Gulftainer also plans in contemplation of invest $150 quite some over five years corridor its ward base in Sharjah and the U.A.E., where they expects to raise capacity till 8 a lakh twenty-foot equivalent units by 2015. The company plans upon invest $500 million a cut above two years as it expands inward-bound Russia and Saudi Arabia, Jafar told Bloomberg Information last month. "We victimize a decent amount of work pick out out for ourselves this year," Jafar said today. "It doesn't perforce moderateness we are not looking at closing transactions in the remainder of the year, but our focus self-discipline be on recent acquisitions and operations."<\p>