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Mawani Introduces GRC Shipping Service to Jeddah Islamic Port

Mawani Introduces GRC Shipping Service to Jeddah Islamic Port
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Mawani Introduces GRC Shipping Service to Jeddah Islamic Port

Mawani Introduces GRC Shipping Service to Jeddah Islamic Port

The Saudi Ports Authority (Mawani) has announced the addition of the Gulf Red Sea Corridor (GRC) shipping service, operated by Emirates Shipping Line, to Jeddah Islamic Port.
The new service aims to meet growing market demands and facilitate regional trade.

According to SPA, by strengthening the Kingdom’s position as a global logistics hub, the service aligns with the objectives of the National Transport and Logistics Strategy.
The GRC service will connect Jeddah Islamic Port to key regional ports, including Jebel Ali in the UAE, Aqaba in Jordan, and Sokhna in Egypt.

The service has a capacity of 2,550 TEUs.

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GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA
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GASTAT: Saudi Industrial Production Index Increases by 3.4% in November 2024

GASTAT publishes the IPI monthly. SPA
GASTAT publishes the IPI monthly. SPA

Saudi Arabia’s General Authority for Statistics (GASTAT) said Thursday that the Industrial Production Index (IPI) statistics for November 2024 showed a 3.4% increase compared to the same month of the previous year.

This increase is driven by growth in mining and quarrying, manufacturing, water supply, sewerage, and waste management and remediation activities, GASTAT said.

Furthermore, the sub-index of mining and quarrying activity increased by 1.2%, and the sub-index of manufacturing activity increased by 7.2%.

The sub-index of electricity, gas, steam, and air conditioning supply activity recorded a decrease of 2.1%, and the sub-index of water supply, sewerage and waste management and remediation activities increased by 10.5%.

The IPI by main economic activities increased by 3.8% compared to the same month of the previous year, while the index of non-oil activities also increased by 2.4%.

GASTAT publishes the IPI monthly. It is an economic indicator that reflects the relative changes in the volume of industrial output. It is calculated based on the industrial production survey.