MAWANI, Saudi Cruise Inaugurate 1st Cruise Ship Terminal at Jeddah Islamic Port

The MSC Bellissima cruise ship will depart Jeddah Islamic Port on July 30 for stops in Jordan and Egypt. (SPA)
The MSC Bellissima cruise ship will depart Jeddah Islamic Port on July 30 for stops in Jordan and Egypt. (SPA)
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MAWANI, Saudi Cruise Inaugurate 1st Cruise Ship Terminal at Jeddah Islamic Port

The MSC Bellissima cruise ship will depart Jeddah Islamic Port on July 30 for stops in Jordan and Egypt. (SPA)
The MSC Bellissima cruise ship will depart Jeddah Islamic Port on July 30 for stops in Jordan and Egypt. (SPA)

The Saudi Ports Authority (MAWANI) and the Cruise Saudi Company inaugurated on Wednesday the first cruise ship terminal at Jeddah Islamic Port, reported the Saudi Press Agency.

A number of partners from the government and private sectors were present at the event.

The inauguration comes only six months after the establishment of the Cruise Saudi Company, which was announced in January at the Future Investment Initiative in Riyadh. It also comes two days before the departure of the first cruise from Saudi Arabia to local and regional destination.

The MSC Bellissima cruise ship will depart Jeddah Islamic Port on July 30 for stops in Jordan and Egypt and end its journey on October 30.

‏President of Saudi Ports Authority, Omar bin Talal Hariri, said that choosing Jeddah Islamic Port to have the first cruise ship terminal in the Kingdom stems from its pivotal strategic location on the Red Sea and its proximity to the tourist sites and activities in Jeddah.

He added that MAWANI worked in cooperation with its partners to develop infrastructure, marine and logistical services at Jeddah Islamic Port, by inaugurating a passenger terminal for cruise ships accommodating more than 2500 passengers.

Executive Chairman of MSC Cruises, Pierfrancesco Vago stressed that the launch of the largest and most modern cruise ship on the Red Sea coast is a historic step that represents a new beginning for cruise tours in the Kingdom.

He expressed his pride in the partnership with Cruise Saudi and in working with all partners to provide tourist experiences that meet the highest international standards.



UN Predicts World Economic Growth to Remain at 2.8% in 2025

A vegetable vendor sits beside a bonfire on his handcart on a cold winter evening in New Delhi on January 6, 2025. (Photo by Sajjad HUSSAIN / AFP)
A vegetable vendor sits beside a bonfire on his handcart on a cold winter evening in New Delhi on January 6, 2025. (Photo by Sajjad HUSSAIN / AFP)
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UN Predicts World Economic Growth to Remain at 2.8% in 2025

A vegetable vendor sits beside a bonfire on his handcart on a cold winter evening in New Delhi on January 6, 2025. (Photo by Sajjad HUSSAIN / AFP)
A vegetable vendor sits beside a bonfire on his handcart on a cold winter evening in New Delhi on January 6, 2025. (Photo by Sajjad HUSSAIN / AFP)

Global economic growth is projected to remain at 2.8% in 2025, unchanged from 2024, held back by the top two economies, the US and China, according to a United Nations report released on Thursday.

The World Economic Situation and Prospects report said that "positive but somewhat slower growth forecasts for China and the United States" will be complemented by modest recoveries in the European Union, Japan, and Britain and robust performance in some large developing economies, notably India and Indonesia.

"Despite continued expansion, the global economy is projected to grow at a slower pace than the 2010–2019 (pre-pandemic) average of 3.2%," according to the report by the UN Department of Economic and Social Affairs.

"This subdued performance reflects ongoing structural challenges such as weak investment, slow productivity growth, high debt levels, and demographic pressures," Reuters quoted it as saying.

The report said US growth was expected to moderate from 2.8% last year to 1.9% in 2025 as the labor market softens and consumer spending slows.

It said growth in China was estimated at 4.9% for 2024 and projected to be 4.8% this year with public sector investments and a strong export performance partly offset by subdued consumption growth and lingering property sector weakness.
Europe was expected to recover modestly with growth increasing from 0.9% in 2024 to 1.3% in 2025, "supported by easing inflation and resilient labor markets," the report said.

South Asia is expected to remain the world’s fastest-growing region, with regional GDP projected to expand by 5.7% in 2025 and 6% in 2026, supported by a strong performance by India and economic recoveries in Bhutan, Nepal, Pakistan and Sri Lanka, the report said.

India, the largest economy in South Asia, is forecast to grow by 6.6% in 2025 and 6.8% in 2026, driven by robust private consumption and investment.
The report said major central banks are likely to further reduce interest rates in 2025 as inflationary pressures ease. Global inflation is projected to decline from 4% in 2024 to 3.4% in 2025, offering some relief to households and businesses.
It calls for bold multilateral action to tackle interconnected crises, including debt, inequality, and climate change.
"Monetary easing alone will not be sufficient to reinvigorate global growth or address widening disparities," the report added.