The Saudi Port Authority (MAWANI) has announced plans to establish a 2 billion riyals ($533 million) center to supply ships with fuel at Yanbu Industrial Port . This initiative is in line with the Saudi Ministry of Energy's efforts to increase the Kingdom's share of fuel supply for ships transiting through its waters to 10 million tons.
The establishment of this center also aligns with MAWANI's strategic goals of expanding the number of logistic zones to 30 by 2030. By doing so, it aims to reinforce the Kingdom's position as a global logistics center connecting Asia, Africa, and Europe.
Spanning an expansive area of 393,000 sq. meters, the upcoming center will facilitate the storage, trading, and mixing of various petroleum materials. Its primary objective is to enhance the efficiency and effectiveness of fuel supply operations for ships operating within Saudi Arabian ports.
