Mawani Reports Significant Cargo Growth at Saudi Ports in August

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

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.



Al-Khorayef Invites Chinese Companies to Invest in Saudi Industries

The Saudi Minister of Industry and Mineral Resources invited Chinese companies to invest in promising industrial sectors in Saudi Arabia. SPA
The Saudi Minister of Industry and Mineral Resources invited Chinese companies to invest in promising industrial sectors in Saudi Arabia. SPA
TT

Al-Khorayef Invites Chinese Companies to Invest in Saudi Industries

The Saudi Minister of Industry and Mineral Resources invited Chinese companies to invest in promising industrial sectors in Saudi Arabia. SPA
The Saudi Minister of Industry and Mineral Resources invited Chinese companies to invest in promising industrial sectors in Saudi Arabia. SPA

Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef invited Chinese companies to invest in promising industrial sectors highlighted by the National Industrial Strategy.

Such sectors include the automotive, food, pharmaceutical, and aviation industries. He extended this invitation during a roundtable meeting organized by the Federation of Chambers of Commerce in Guangzhou as part of his visit to China.

Al-Khorayef provided an overview of the capabilities, incentives, and services that the Kingdom offers to industrial investors. These include developed industrial lands, industrial financing, workforce training, and incentives for specific target industries. Additionally, the country gives preference to local products in government purchases.
"We are looking for companies that can help us boost investment in key industrial sectors that are essential for the Kingdom. These include automotive, aviation, food, pharmaceutical, machinery, equipment, and renewable energy industries. We also aim to develop supply chains for buses, trucks, and light-duty vehicles, as the demand for these is expected to rise in the upcoming years,” the minister said.

He praised the strong relationship between the Kingdom and China and affirmed Saudi Arabia’s desire to enhance its economic partnership with China, particularly in the industrial and mining sectors, as part of its efforts to diversify the economy.

The meeting was attended by Saudi Industry and Mineral Resources Assistant Minister for Planning and Development Dr. Abdullah Al-Ahmari, National Industrial Development Center (NIDC) Chief Executive Eng. Saleh Al-Sulami, and Saudi Authority for Industrial Cities and Technology Zones (MODON) Chief Executive Eng. Majid Al-Argoubi.