Saudi Ports Authority (Mawani) revealed on Thursday that the exemption period of fees for exported and imported general cargo storage will be extended to 21 days instead of five days, starting January 9.
The decision aims to strengthen partnership with the private sector, ensure business continuity and overcome difficulties that beneficiaries might face in the port sector.
It also seeks to attract transit ships and increase the market share of trade worldwide, which will contribute to supporting the national economy, the Saudi Press Agency reported.
The initiative comes as a continuation of a series of initiatives launched by Mawani to strength ties with the private sector and companies operating in Saudi ports, as well as to increase their contribution by investing in this vital sector.
