Mawani: Addition of a New Shipping Service to Connect King Abdulaziz Port in Dammam to 4 Global Ports

Mawani: Addition of a New Shipping Service to Connect King Abdulaziz Port in Dammam to 4 Global Ports
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Mawani: Addition of a New Shipping Service to Connect King Abdulaziz Port in Dammam to 4 Global Ports

Mawani: Addition of a New Shipping Service to Connect King Abdulaziz Port in Dammam to 4 Global Ports

The Saudi Ports Authority (Mawani) has announced the addition Aladin Express DMCC's shipping service, Gulf-India Express 2 (GIX2), to King Abdulaziz Port in Dammam in a bid to boost direct trade and shipping between the Kingdom and the rest of the world.

MAwani said on its official site that the new service will connect the capital of the Kingdom's Eastern Province to the ports of Jebel Ali in the UAE, Khalifa Bin Salman in Bahrain, Hamad in Qatar, and Mundra in India every two weeks via the vessel Green Ace, which has a carrying capacity of 1740 TEUs.

"This step is part of the developmental drive undertaken by Saudi ports to elevate ports and the maritime transport sector as well as upgrade its portfolio of services to importers, exporters, and shipping agents in what is an extension to Mawani's pursuit of strengthening the logistics industry through building world-class logistics parks within and beyond port areas."

Similarly, measures such as launching the Smart Ports initiative to deploy and accelerate 5G-enabled digital transformation in local ports fall in line with the goals of the National Transport and Logistics Strategy (NTLS) to position the Kingdom as a global logistics hub linking three major continents.

Last December saw global shipping lines such as Pacific International Lines (PIL), Regional Container Lines (RCL), and China United Lines (CUL) start a weekly shipping service from China to King Abdulaziz Port in collaboration with Saudi Global Ports (SGP). The port's competitiveness and expansionary plans were further bolstered with the addition of Shanghai and Singapore to PIL's service in June this year, therefore enhancing import and export operations.

The Port, which ranked fourteenth in the World Bank's Container Port Performance Index (CPPI) for 2021, handled a record 199,609 TEUs last August. This was the result of its best-in-class operating and logistical capabilities, continuing development streak, and resolve to scale greater heights in productivity and performance.



Kuwait Seeks to Offer Flexible Incentives to Attract Foreign Investments

Kuwait City (Asharq Al-Awsat file photo)
Kuwait City (Asharq Al-Awsat file photo)
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Kuwait Seeks to Offer Flexible Incentives to Attract Foreign Investments

Kuwait City (Asharq Al-Awsat file photo)
Kuwait City (Asharq Al-Awsat file photo)

Mohammad Yaqoub, Assistant Director General for Business Development at Kuwait’s Direct Investment Promotion Authority (KDIPA), announced that Kuwait is actively working to boost investments in emerging sectors such as the management of government facilities, hospitals, and ports, including Mubarak Al-Kabeer Port.

He added that his country is collaborating with Saudi Arabia on joint projects, notably the development of a railway linking the two nations.

Speaking at the 28th Annual Global Investment Conference in Riyadh, Yaqoub highlighted the 650-kilometer railway project, which is expected to cut travel time between Saudi Arabia and Kuwait to under three hours. He clarified that this initiative is separate from the broader GCC railway network under development.

The official further emphasized Kuwait’s commitment to offering streamlined processes and incentives to attract foreign investment in critical sectors such as oil and gas, healthcare, education, and technology.

Since January 2015, the Gulf country has attracted cumulative foreign investments valued at approximately 1.7 billion Kuwaiti dinars ($5.8 billion). During the 2023–2024 fiscal year, KDIPA reported foreign investment inflows amounting to 206.9 million Kuwaiti dinars ($672 million).

Yaqoub stressed that KDIPA is focused on creating an investor-friendly environment by offering flexible incentives to attract international companies. He noted Saudi Arabia’s achievements in this area and highlighted his country’s efforts to provide comparable benefits to foreign investors.

He also expressed optimism about the potential for growth in foreign investments in Kuwait, emphasizing their role in advancing economic development in line with the United Nations’ Sustainable Development Goals (SDGs).

Yaqoub also underscored the strong synergy between the Kuwaiti and Saudi markets, which he said will help accelerate economic progress across the region.