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Mawani Extends Exemption for Empty Container Fees at Dammam Port

Mawani Extends Exemption for Empty Container Fees at Dammam Port
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Mawani Extends Exemption for Empty Container Fees at Dammam Port

Mawani Extends Exemption for Empty Container Fees at Dammam Port

The Saudi Ports Authority (Mawani) announced the extension of the exemption period for storage fees for exported empty containers at King Abdulaziz Port in Dammam from 10 days to 20 days, starting today for a duration of six months. This initiative aims to support operational processes for all beneficiaries and stakeholders in the port sector and to facilitate trade and supply chains, SPA reported.
This incentive is part of Mawani's efforts to enhance operational efficiency, increase the speed of empty container retrieval, improve truck turnaround times, and improve the level of provided logistical services. It also aims to enhance import and export processes, support the economic environment and commercial activity in the Kingdom, boost partnerships with the private sector, and offer attractive competitive services, thereby contributing to the support of global supply chains.

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Saudi Arabia Aims to Develop New Plant to Localize Wind Energy

NEOM Green Hydrogen has recently announced the delivery of the first batch of turbines for the new plant (Asharq Al-Awsat)
NEOM Green Hydrogen has recently announced the delivery of the first batch of turbines for the new plant (Asharq Al-Awsat)
TT
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Saudi Arabia Aims to Develop New Plant to Localize Wind Energy

NEOM Green Hydrogen has recently announced the delivery of the first batch of turbines for the new plant (Asharq Al-Awsat)
NEOM Green Hydrogen has recently announced the delivery of the first batch of turbines for the new plant (Asharq Al-Awsat)

The Saudi Public Investment Fund (PIF) and China’s second-largest wind turbine manufacturer are close to a deal to develop a new plant in the Kingdom to help boost renewable power production by building a wind turbine manufacturing plant in Saudi Arabia as part of the country’s efforts to localize supply chains.

The Saudi sovereign wealth fund and Vision Industries, a privately owned renewable-energy manufacturing company, could sign an agreement with Envision Energy Co., as soon as this week, Bloomberg said on Monday, quoting people familiar with the matter.

The deal would involve the PIF, which controls nearly $1 trillion of assets, and the two other partners building a wind turbine manufacturing plant in Saudi Arabia as part of the Kingdom’s efforts to localize supply chains, according to the people.

Envision is expected to be the majority investor in the partnership, they said, declining to be named discussing confidential information.

Envision already has significant business in Saudi Arabia, which is investing billions of dollars in renewables to stop burning oil for power.

The Chinese firm supplies wind turbines for the almost $9 billion Neom Green Hydrogen Co., which will use 4 gigawatts of solar and wind power to create clean hydrogen.