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MAWANI Announces Investment Opportunities to Develop 8 Saudi Ports

A view of the Jeddah Islamic Port. (SPA)
A view of the Jeddah Islamic Port. (SPA)
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MAWANI Announces Investment Opportunities to Develop 8 Saudi Ports

A view of the Jeddah Islamic Port. (SPA)
A view of the Jeddah Islamic Port. (SPA)

The Saudi Ports Authority (MAWANI), through the Supervisory Committee for Privatization in the Transportation Sector and in cooperation with the Ministry of Transport and Logistic Services (MOTLS) and the National Center for Privatization & PPP (NCP), has announced investment opportunities in partnership with the private sector to develop and operate multi-purpose terminals in eight Saudi ports.

The initiative comes in line with the objectives of the National Strategy of Transport and Logistics Services.

It also contributes to promoting the Kingdom’s economic growth, developing local services in the ports sector and raising the competitiveness of Saudi ports regionally and globally.

The promising opportunities are represented in build-operate-transfer (BOT) structure for terminals in each of Jeddah Islamic Port, King Abdulaziz Port in Dammam, Ras Al-Khair Port, Jizan Port, Yanbu Commercial Port, King Fahad Industrial Port in Jubail, King Fahad Industrial Port in Yanbu, and Jubail Commercial Port, equipping the ports to serve various functions, including containers, general cargo, bulk cargo, RORO cargo, passengers, and livestock.

The initiative falls within strengthening the partnership between the public and private sectors in ports and logistics services. This is in addition to optimizing the utilization of assets and increasing operational efficiency in this vital sector.

Separately, the Saudi Minister of Industry and Mineral Resources signed a MoU with Sadara Chemical Company to develop the business environment of the integrated services zones.

The memorandum is aimed at diversifying economic sources to achieve an added value in the industrial sector and to contribute in providing job vacancies to citizens, as well as to push cooperation among government institutions, the private industrial sector and international firms.

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Presidential Election: A Crucial First Step toward Saving Lebanon from Economic Crisis

The vacant presidential seat at Baabda Palace after President Michel Aoun's term ended (Reuters)
The vacant presidential seat at Baabda Palace after President Michel Aoun's term ended (Reuters)
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Presidential Election: A Crucial First Step toward Saving Lebanon from Economic Crisis

The vacant presidential seat at Baabda Palace after President Michel Aoun's term ended (Reuters)
The vacant presidential seat at Baabda Palace after President Michel Aoun's term ended (Reuters)

Since 2019, Lebanon has faced one of its worst economic crises in modern history, affecting all aspects of life. The local currency has lost over 95% of its value, driving inflation to record levels and making goods and services unaffordable. Poverty and unemployment have surged.
Amid this, political divisions have paralyzed government action, preventing any effective response to the crisis.
The recent war with Israel added to the burden, causing huge human and material losses estimated by the World Bank at $8.5 billion. This has made Lebanon’s economic and social struggles even harder to resolve, with no president in place to lead the country.
The presidential post in Lebanon has been vacant since President Michel Aoun's term ended in October 2022, leaving the country without a leader to address growing economic and financial issues.
This vacancy has stalled government formation, making it difficult for Lebanon to negotiate with international donors like the International Monetary Fund (IMF), which demands major reforms in exchange for aid.
Choosing a new president is now a critical priority, not only to regain local and international confidence but also to begin the long-needed reforms.
One major challenge the new president will face is the reconstruction effort, which is estimated to cost over $6 billion. This is a huge financial burden that will require significant resources and effort to secure funding.
Reconstruction in Lebanon is not just about fixing infrastructure or repairing damage; it is a key test of the country’s ability to restore its role on the regional and international arena.
To achieve this, Lebanon needs a president with a clear vision and strong international connections, able to engage effectively with donor countries and major financial institutions.
Without credible and unified political leadership, Lebanon’s chances of gaining external support will remain limited, especially as international trust has been shaken by years of mismanagement and lack of reforms.
Keeping Lebanon’s deepening crises in mind, the people are hoping that electing a new president will offer a chance for economic and political recovery.
The new president, along with a strong government, is expected to rebuild trust both locally and internationally and restore political stability—key factors for stopping the economic decline and encouraging growth.
For instance, reviving Lebanon’s vital tourism sector will require better security and restoring confidence in the country as a safe place for investment.
This can only happen with political leadership that has a clear plan for reconstruction and necessary reforms.
Given Lebanon’s ongoing financial struggles, the new president’s ability to address these challenges will be critical to rescuing the country and guiding the economy toward recovery and sustainable growth.