Mawani, Rotterdam Port Partner to Develop Smart Ports and Boost Commercial Opportunities

The Saudi Ports Authority (Mawani) logo
The Saudi Ports Authority (Mawani) logo
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Mawani, Rotterdam Port Partner to Develop Smart Ports and Boost Commercial Opportunities

The Saudi Ports Authority (Mawani) logo
The Saudi Ports Authority (Mawani) logo

The Saudi Ports Authority (Mawani) has reached a partnership deal with Port of Rotterdam to collaborate in the areas of smart ports, human capital development, knowledge transfer, and performance optimization in support of the Kingdom’s economic diversification efforts aimed at creating a state-of-the-art investment and trade hub.
The agreement was signed at Jeddah Islamic Port by the Mawani President, Omar Hariri, and the CEO at Port of Rotterdam Authority, Boudewijn Siemons.
The deal will further enhance cooperation between both entities in port corporatization, a widely-adopted business model based on outsourcing terminal operations to the private sector while keeping the ownership and regulatory aspects in the hands of autonomous government bodies in a bid to upgrade efficiency and productivity, as well as upskilling the sector’s workforce across managerial and scientific disciplines.
Designed to integrate and leverage the world-class capabilities, expertise, and competitive advantages offered by either party, the latest agreement falls under Mawani’s broader strategy to drive sustainable progress, reliable operations, and purpose-driven innovation within the Kingdom’s maritime sector as part of the ambitions set by Saudi Vision 2030.
The national maritime regulator had earlier inked a deal with Port of Antwerp International (PAI) to bolster mutual cooperation in the domains of port optimization, digital transformation, and capacity building in line with its objective to strengthen corporate governance, organizational excellence, and sector-wide growth.



Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
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Türkiye Receives Waiver for Gas Payments to Russia from Gazprombank Sanctions

A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo
A view shows a board with the logo of Gazprombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 5, 2024. REUTERS/Anton Vaganov/File Photo

Türkiye has received an exemption for gas payments to Russia after the United States imposed sanctions on Gazprombank, Turkish Energy Minister Alparslan Bayraktar revealed in response to a question from Reuters.

The US imposed new sanctions on Russia's Gazprombank in November, creating an obstacle for buyers of Russian gas, which had been using the bank to make payments. They have since been seeking clarification and exploring other ways to pay.

Türkiye imports almost all its gas requirement and Russia is the top supplier, providing more than 50% of the country's pipeline imports.

Ankara's pipeline gas imports from Russia stood at 21.1 bcm last year.

Türkiye had requested an exemption in discussions with US officials so that it can continue paying for Russian natural gas imports via Gazprombank.

The US on Thursday also granted a waiver to Hungary, which mainly relies on Russian oil and gas.