Saudi Ports nears 2 million TEU mark in Q3 2022

Saudi Ports nears 2 million TEU mark in Q3 2022

Saudi Ports has increased throughput of container volumes by 10.5 per cent against last year’s throughput numbers in the third quarter of 2022.

The Saudi Ports Authority (MAWANI) has handled 1.98 million TEU compared to 1.79 TEU in 2021.

Statistical data for Q3 reveal a 11.56 per cent rise in cargo throughput, hitting a total of 82.5 million tons this year in contrast to 74 million tons last year.

3,084 vessels dropped anchor at Saudi ports, a marginal 1.58 per cent increase from last year’s count of 3,036 vessels.

READ: MAWANI, Globe Group ink contract for logistics park at Jeddah Islamic Port

MAWANI said last quarter’s strong performance demonstrates the efficacy of various initiatives implemented to revolutionise the national maritime sector.

As part of its effort to bolster connections with the global market, MAWANI recently added King Abdulaziz Port in Dammam to its Aladin Express DMCC’s shipping service, Gulf-India Express 2 (GIX2).

MAWANI’s aims to raise the overall container capacity of Saudi ports – as demonstrated by the new rail freight connection linking Saudi Arabia Railway’s (SAR) Northern and Eastern railway networks and Jubail Industrial City’s internal railway network.

The Ministry of Investment of Saudi Arabia (MISA) signed 11 investment agreements on the sidelines of the sixth Future Investment Initiative (FII6) event.

MISA officials provided further detail on the Global Supply Chain Resilience Initiative (GSCRI) launched 23 October to attract supply chains to Saudi Arabia.

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