Thursday 14 November 2024
 
»
 
»
Story

Saudi Arabia's ports move up in global rankings

RIYADH, August 27, 2024

Saudi Arabia’s ports improved their international ranking in annual container handling moving from 16th to 15th position in the Lloyd’s List of the world’s top 100 ports.
 
Jeddah Islamic Port has made a considerable stride, leaping from the 41st to the 32nd place, a Saudi Press Agency (SPA) report said. It handled 5,586,074 standard containers in 2023, surpassing the 4,960,120 containers handled in 2022, a growth of 12.6%.
 
King Abdullah Port also made progress, climbing from the 71st to the 70th place. The port handled 2,929,807 standard containers in 2023, compared to 2,905,306 in 2022, a modest increase of 0.8%.
 
Sizeable jump
King Abdulaziz Port in Dammam saw a more sizeable jump, moving from the 90th to the 82nd place. It handled 2,305,811 standard containers in 2023, compared to 2,038,787 in 2022, an increase of 13.1%.
 
Saudi Ports Authority (Mawani) President Omar Hariri said: "The substantial growth rates and increased container handling volumes in the Saudi ports underscore the kingdom's position as a global logistics powerhouse. The ports sector plays a pivotal role in supporting the national economy, enhancing export and trade activities, and facilitating the smooth movement of supply chains. These achievements align with the objectives of the National Strategy for Transport and Logistics Services, as outlined in Vision 2030, and solidify the kingdom's standing as a global logistics hub."
 
To further enhance operational efficiency, Mawani has recently concluded a series of development and commercial support contracts for container terminals, worth nearly SR17 billion ($4.53 billion). These investments aim to increase the capacity of container terminals, by over 70% at Jeddah Islamic Port and by more than 120% at King Abdulaziz Port in Dammam.
 
Strategic logistics partnerships
The kingdom's continuous progress in the maritime navigation network connectivity index, as recognised in the UNCTAD report, is testament to its strategic logistics partnerships with major international shipping lines.
 
In 2023, the kingdom added 31 transcontinental shipping services, signed agreements for six new logistics zones with prominent national and international companies, and inked four contracts for maritime services, totalling investments exceeding SR1 billion. These initiatives are aligned with the National Strategy for Transport and Logistics Services, reinforcing the kingdom's position as a global logistics centre.--TradeArabia News Service
 



Tags: logistics | Container handling | Saudi Ports |

More Industry, Logistics & Shipping Stories


Markets

calendarCalendar of Events

Partners

4580

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com