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.



$266 Mln Deal Boosts Liquidity in Saudi Housing Market

One of the projects under the Sakani program in Saudi Arabia (Asharq Al-Awsat)
One of the projects under the Sakani program in Saudi Arabia (Asharq Al-Awsat)
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$266 Mln Deal Boosts Liquidity in Saudi Housing Market

One of the projects under the Sakani program in Saudi Arabia (Asharq Al-Awsat)
One of the projects under the Sakani program in Saudi Arabia (Asharq Al-Awsat)

The Saudi Real Estate Refinance Company (SRC), owned by the Public Investment Fund, has signed a SAR 1 billion ($266.7 million) agreement with Bidaya Finance to buy a mortgage portfolio.
The deal is the largest of its kind, aimed at injecting liquidity into Saudi Arabia’s housing market.
The agreement, signed on Sunday, was attended by Housing Minister Majed Al-Hogail, who also chairs SRC, and Abdulaziz Al-Omair, Chairman of Bidaya Finance.
This move supports SRC’s efforts to grow the mortgage market and expand refinancing options, aligning with Vision 2030’s goal of increasing homeownership among Saudi citizens.
SRC CEO Majeed Al Abduljabbar said the deal will boost liquidity and stabilize the housing finance market, helping more Saudis own homes. He added that it builds on SRC’s plan to partner with key lenders and develop a strong secondary mortgage market.
“This agreement is a pivotal step toward achieving the strategic objectives of the Housing Program by increasing homeownership among citizens,” Abduljabbar noted.
“It also aligns with our strategy to forge strategic partnerships with leading financing institutions, fostering the development of an active secondary market for residential mortgages,” he added.
Bidaya Finance CEO Mahmoud Dahduli called the agreement a step forward in offering innovative financing solutions, enabling more citizens to achieve their housing goals and contributing to Vision 2030’s housing targets.
“This strategic collaboration with SRC reinforces our shared role in offering reliable, innovative financing solutions that empower citizens to realize their housing aspirations, aligning with the Housing Program’s goal of increasing homeownership,” Dahduli said.
Established in 2017 by the Public Investment Fund, SRC aims to make home financing more accessible by providing liquidity to lenders and supporting Saudi Arabia’s housing sector under the national transformation plan, Vision 2030.