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.



Saudi Economic and Development Affairs Council Discusses Report on Performance of State Budget

File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat
File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat
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Saudi Economic and Development Affairs Council Discusses Report on Performance of State Budget

File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat
File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat

Saudi Arabia’s Economic and Development Affairs Council has held a meeting via videoconference, discussing several issues, including the performance of the state budget, the Saudi Press Agency reported Saturday.
At the beginning, the council reviewed the quarterly economic report of the Ministry of Economy and Planning, which includes an analysis of key global economic developments, and the national economic progress. The Kingdom saw positive economic growth of 2.8% in the third quarter, SPA said.
The report addresses future national economic forecasts issued by relevant government entities, international funds, and agencies, as well as proposed insights and recommendations to address global economic challenges.
The council also reviewed the third-quarter report submitted by the Ministry of Finance, on the performance of the state budget for fiscal year 2024. The report includes a detailed overview of financial performance up to the end of the third quarter, covering revenue, expenditure, and public debt indicators.
It highlighted results reaffirming the Kingdom's continued support for development projects, strengthening social care and protection systems, and advancing the implementation of major projects and programs under Saudi Vision 2030.
This underscores the effectiveness of structural economic reforms, efforts in economic diversification, and the systematic approach aligned with the Saudi Vision 2030.
The council also reviewed the report of Ministry of Commerce presentation, regarding the report of Standing Committee for Price Monitoring for the third quarter of 2024.
The report addresses the roles of the entities participating in the committee, key insights during the specified period, global price trends, an overview of consumption patterns, price and inflation indicators in the Kingdom, and details regarding consumer goods prices in the third quarter. Moreover, it outlines the measures taken to ensure the availability of goods and strengthen stockpiles to maintain price stability.
The council made the necessary decisions and recommendations.