عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Jeddah Islamic Port Sets Record with 495,000 TEUs

Handing over awards to "Mawani" at the recent transportation and logistics ceremony (Asharq Al-Awsat)
Handing over awards to "Mawani" at the recent transportation and logistics ceremony (Asharq Al-Awsat)
TT
TT

Jeddah Islamic Port Sets Record with 495,000 TEUs

Handing over awards to "Mawani" at the recent transportation and logistics ceremony (Asharq Al-Awsat)
Handing over awards to "Mawani" at the recent transportation and logistics ceremony (Asharq Al-Awsat)

Jeddah Islamic Port has set a new record for the biggest volume ever processed across its facilities over 30 days, handling 495,000 TEUs during July.

The latest milestone continues a course dating back to last year, which saw a record 4.96 million TEUs passing through the Kingdom's busiest Port, a 1.57 percent year-on-year increase compared to 2021.

The figures underscore the pivotal regional and global significance of the Port in line with Saudi Arabia's National Transport and Logistics Strategy.

The Saudi Ports Authority (MAWANI) and the Jeddah Chamber of Commerce and Industry have agreed to establish an integrated logistics zone in the port, with an investment value of one billion riyals ($266 million).

The logistics development aims to enhance MAWANI's position as a significant player in the national transportation sector and boost the Kingdom's drive to become a global logistics destination.

MAWANI won the Sea Port of The Year award, represented by Jeddah Port, and the Digital Transition Award at the 7th edition of the International Green Shipping Summit, held in the Dutch port city of Rotterdam.

Jeddah Islamic Port received various awards, including eighth place in the 2021 Container Ports Performance Index issued by the World Bank and Standard & Poor's Global Market Intelligence.

MAWANI stated that winning the "Customer Experience Excellence" award underscores the exceptional efforts to enhance the experience for beneficiaries and port clients.

Additionally, MAWANI unveiled the new Customer Service Center as part of its comprehensive plan to enhance its services and offer outstanding services to its clients, aiming to achieve the highest standards of quality and speed in all services.

Notably, the Awards for Transport and Logistics is a regional platform that measures the achievements of organizations and individuals across various relevant sectors, acknowledging all efforts, strategies, and outstanding performance in transportation and logistics.

Most Viewed

 
 
Business

Saudi Energy Minister Emphasizes Arab Cooperation in Addressing Energy Challenges

Group photo of the ministers and members of the Board of Directors of the Arab Energy Fund. (SPA)
Group photo of the ministers and members of the Board of Directors of the Arab Energy Fund. (SPA)
TT
TT

Saudi Energy Minister Emphasizes Arab Cooperation in Addressing Energy Challenges

Group photo of the ministers and members of the Board of Directors of the Arab Energy Fund. (SPA)
Group photo of the ministers and members of the Board of Directors of the Arab Energy Fund. (SPA)

Saudi Energy Minister Prince Abdulaziz bin Salman underscored the importance of Arab collaboration in overcoming energy sector challenges and promoting sustainability, calling for restoring Arab unity and joint action to achieve strategic goals in energy.

He made his remarks at the 50th-anniversary celebration of the Arab Energy Fund (formerly APICORP) in Riyadh, attended by UAE Energy Minister Suhail Al Mazrouei, Kuwaiti Oil Minister Tareq Al-Roumi, Libyan Oil and Gas Minister Dr. Khalifa Abdul Sadiq, and Qatari Energy Minister and CEO of QatarEnergy Saad Al-Kaabi.

Prince Abdulaziz expressed pride in hosting the event, reaffirming Saudi Arabia’s commitment to supporting Arab energy initiatives. He highlighted the ongoing restructuring of the Arab Energy Organization to better align with future needs, ensuring its role in sustainable development and meeting member states’ demands.

The minister noted that upcoming projects by the Arab Energy Fund will diversify energy sources while aligning with global efforts to reduce emissions and combat climate change.

The Arab world is committed to adapting to the evolving energy landscape while maintaining regional identity and cooperation, he added.

Arab unity and collective action are essential for addressing regional and international challenges, whether economic, social or cultural, he remarked.

CEO of the Arab Energy Fund, Khalid Al-Ruwaigh pointed to the institution’s progress since its founding in 1975 with a capital of $320 million. He revealed that over five decades, its assets have grown to exceed $10 billion, reflecting its role in supporting the energy sector and sustainability efforts.

Al-Ruwaigh said the fund’s success is measured not just by its financial growth but also by its impact on energy development. He announced a new strategic vision focused on innovative financial solutions, including debt instruments and investments in both conventional and renewable energy, to support member states’ sustainability goals.

Relocating the fund’s headquarters to Riyadh reinforces its position as a trusted financial institution in a major global financial hub, he noted

Moreover, Al-Ruwaigh unveiled the fund’s new identity and logo, symbolizing Arab cooperation for sustainable energy development. The logo’s triangular elements represent the ten member states, while its circular design reflects the fund’s commitment to a circular economy and long-term energy sustainability.