Mawani Reports Significant Cargo Growth at Saudi Ports in August

The Saudi Ports Authority (Mawani)
The Saudi Ports Authority (Mawani)
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Mawani Reports Significant Cargo Growth at Saudi Ports in August

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

The Saudi Ports Authority (Mawani) has announced a substantial increase in cargo tonnage handled at its ports during August 2024. The total tonnage reached 30,527,279 tons, reflecting a 26.57% growth compared to the same period in 2023.
According to Mawani, export containers surged by 18.76% to reach 258,955 TEUs. Import containers also significantly increased by 15.24% to reach 261,288 TEUs.
General cargo stood at 711,111 tons, bulk solid cargo amounted to 4,832,305 tons, and bulk liquid cargo reached 17,525,862 tons. Livestock imports, however, decreased by 24.27% to 422,449 heads.
While handled containers decreased by 5.01% to 685,647 TEUs, transhipment containers dropped by 40.29% to 165,404 TEUs; the overall cargo volume demonstrated robust growth.
Shipping traffic also decreased by 4.18% to 986 ships, and passenger numbers declined by 32.51% to 50,345. However, the number of cars shipped increased by 24.51% to 103,416.
The authority had previously reported a 9.11% increase in cargo tonnage for July 2024. Consistent cargo volume growth underscores Saudi ports' increasing efficiency and capacity. It aligns with the National Transport and Logistics Strategy, which aims to position Saudi Arabia as a global logistics hub.



Saudi Arabia, Oman Sign MoU on Cooperation in Economic Planning

Saudi Arabia, Oman Sign MoU on Cooperation in Economic Planning
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Saudi Arabia, Oman Sign MoU on Cooperation in Economic Planning

Saudi Arabia, Oman Sign MoU on Cooperation in Economic Planning

The Saudi Ministry of Economy and Planning and Oman's Ministry of Economy signed on Thursday a memorandum of understanding (MoU) focusing on cooperation in medium- and long-term economic planning, economic studies and modeling, economic policies and plans, and green and circular economies.
The MoU aims to implement cooperation through the exchange of information, expertise, studies, and visits between experts and specialists, as well as the organization of conferences, seminars, and workshops. The agreement will remain in effect for five years.
Saudi Minister of Economy and Planning Faisal Alibrahim and Omani Minister of Economy Dr. Saeed bin Mohammed Al-Saqri signed the MoU, which stipulates enhancing cooperation in economy and planning based on mutual interests and in accordance with the regulations and laws in both countries.
Signing the MoU is part of efforts to enhance cooperation among Gulf Cooperation Council (GCC) countries and boost bilateral relations between Saudi Arabia and Oman.