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New Shipping Service from China to Eastern Saudi Arabia Opens

Saudi Arabia expands shipping traffic with China by opening new shipping routes. (Asharq Al-Awsat)
Saudi Arabia expands shipping traffic with China by opening new shipping routes. (Asharq Al-Awsat)
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New Shipping Service from China to Eastern Saudi Arabia Opens

Saudi Arabia expands shipping traffic with China by opening new shipping routes. (Asharq Al-Awsat)
Saudi Arabia expands shipping traffic with China by opening new shipping routes. (Asharq Al-Awsat)

The Saudi Ports Authority (MAWANI) launched on Monday, in cooperation with the Saudi Global Ports Company, a new shipping service from China to the King Abdulaziz Port in al-Dammam, in eastern Saudi Arabia, as part of the Kingdom's drive to consolidate its position as a global logistics hub,

In a statement, MAWANI said that the new service is offered by a consortium of vessels deployed by Pacific International Lines (PIL), Regional Container Lines (RCL), and CULINES (CUL).

It added that the move aims to strengthen the Authority’s efforts to develop Saudi Arabia as a global leader in logistics and transportation.

The new service, which connects the most important ports in central and southern China to the Arabian Gulf, provides weekly direct and regular shipping.

The first service arrived on Dec. 15 in Saudi Global Ports berth. It took off from the ports of China to King Abdulaziz Port in Dammam, and then will return directly to China’s Port of Ningbo-Zhoushan, as a clear indication of the importance of Saudi exports to the Far East markets and the remarkable development in the capabilities of King Abdulaziz Port.

The Authority aims to enhance connectivity and reduce the shipping time between Saudi Arabia’s ports with the main Chinese and the region’s ports, in order to support and stimulate the export of national products and the direct flow of imports and increase trade movement between the two countries.

The statement noted that the new step comes as a continuation of the strategic initiatives and partnerships launched by MAWANI with major international shipping line companies, within the objectives of the National Strategy for Transport and Logistics Services and in accordance with the Kingdom’s Vision 2030.

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Saudi Arabia Sees Highest Level of Non-oil Private Sector Activity in 4 Months

The 1.5-point increase in the PMI reflects a larger expansion in both output and new orders. (Asharq Al-Awsat)
The 1.5-point increase in the PMI reflects a larger expansion in both output and new orders. (Asharq Al-Awsat)
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Saudi Arabia Sees Highest Level of Non-oil Private Sector Activity in 4 Months

The 1.5-point increase in the PMI reflects a larger expansion in both output and new orders. (Asharq Al-Awsat)
The 1.5-point increase in the PMI reflects a larger expansion in both output and new orders. (Asharq Al-Awsat)

Business activity in Saudi Arabia's non-oil sector accelerated to a four-month high in September, driven by strong demand, which led to faster growth in new orders. The Riyad Bank Saudi Arabia Purchasing Managers' Index (PMI), adjusted for seasonal factors, rose to 56.3 points from 54.8 in August, marking the highest reading since May and further distancing itself from the 50.0 level that indicates growth.

The 1.5-point increase in the PMI reflects a larger expansion in both output and new orders, alongside challenges in supply. The improvement in business conditions contributed to a significant rise in employment opportunities, although difficulties in finding skilled workers led to a shortage in production capacity.

At the same time, concerns over increasing competition caused a decline in future output expectations. According to the PMI statement, inventories of production inputs remained in good condition, which encouraged some companies to reduce their purchasing efforts.

Growth was strong overall and widespread across all non-oil sectors under study. Dr. Naif Al-Ghaith, Senior Economist at Riyad Bank, said that the rise in Saudi Arabia's PMI points to a notable acceleration in the growth of the non-oil private sector, primarily driven by increased production and new orders, reflecting the sector’s expansionary activity.

Al-Ghaith added that companies responded to the rise in domestic demand, which plays a crucial role in reducing the Kingdom's reliance on oil revenues. The upward trend also indicates improved business confidence, pointing to a healthy environment for increased investment, job creation, and overall economic stability.

He emphasized that this growth in the non-oil sector is particularly important given the current context of reduced oil production and falling global oil prices. With oil revenues under pressure, the strong performance of the non-oil private sector acts as a buffer, helping mitigate the potential impact on the country's economic conditions.

Al-Ghaith continued, noting that diversifying income sources is essential to maintaining growth amid the volatility of oil markets. He explained that increased production levels not only enhance the competitiveness of Saudi companies but also encourage developments aimed at expanding the private sector's participation in the economy.

This shift, he said, provides a more stable foundation for long-term growth, making the economy less susceptible to oil price fluctuations.