Latest news with #MAWANI
Argaam
06-08-2025
- Business
- Argaam
MAWANI signs SAR 500M deal to establish marine bunkering hub at King Fahad Industrial Port
The Saudi Ports Authority (MAWANI) signed a land lease agreement with the National Petroleum & Petrochemical Tank & Pipelines Company (Petrotank) to build an integrated marine bunkering hub at King Fahad Industrial Port in Yanbu, with a total investment of SAR 500 million. The project will operate under a 20-year lease, MAWANI said in a statement. The project will cover an area of 110,700 square meters (sqm), helping to increase vessel traffic and elevate the Kingdom's ports regionally and globally. It also aligns with the objectives of the National Transport and Logistics Strategy (NTLS), which aims to solidify the Kingdom's standing as a global logistics hub bridging three continents. King Fahad Industrial Port in Yanbu is one of the Kingdom's primary industrial ports on the Red Sea coast, known for high handling capacity for various types of cargo, including refined products and petrochemicals. The port spans 6.8 sq km, features 34 berths and 10 terminals, with a capacity of up to 210 million tons.
Argaam
08-07-2025
- Business
- Argaam
Container handling leaps 19% to 697,000 TEUs in June: MAWANI
Saudi ports reported an 18.6% leap in cargo throughput tonnage to 696,800 tons in June 2025, compared to 587,300 tons in the same period a year ago. In a statement, the Saudi Ports Authority (MAWANI) said outbound containers surged by 35.9% to 165,000 in June, from 121,400 in the prior-year period. The number of inbound containers also increased by 10.6% to 263,300, compared to 237,800 in June 2024. Transshipment containers were up 17.79% to 268,600, compared to 228,000 TEUs a year earlier. The general cargo reached 922,300 tons in June, while solid bulk cargo and liquid bulk cargo reached 4.2 million and 16.3 million tons, respectively. Ports received 959,200 livestock heads for the same month, down 47.3% compared to 1.8 million in the same month of 2024. The maritime traffic saw a rise of 7.5% year-on-year (YoY) to 1,039 ships in June. The number of passengers also jumped 42.3% to 78,700 last month, compared to 55,300 last year. Meanwhile, the number of cars dropped by 25.4% YoY to 75,400 for the same month. The following table shows the performance of Saudi ports in June 2025: Saudi Ports Performance Item June 2024 June 2025 Growth TEUs ('000) 587.26 696.84 +19% Outbound Containers ('000) 228.03 268.59 +18% Inbound Containers ('000) 237.85 263.25 +11% Transshipment Containers ('000) 121.38 164.99 +36% Handling Tonnages (mln tons) 21.10 21.46 +2% Passengers ('000) 55.29 78.70 +42% Livestock ('000) 1821.86 959.19 (47.35%) Number of Vessels 966 1039 +8% Number of Vehicles ('000) 101.15 75.44 +25%
Argaam
02-07-2025
- Business
- Argaam
Al-Jasser breaks ground on Jeddah logistics corridor project
Minister of Transport and Logistics Services and Chairman of the Saudi Ports Authority (MAWANI) Saleh Al-Jasser broke ground today, July 2, on the Jeddah logistics corridor project, linking Jeddah Islamic Port and Al-Khumra Logistics Zone. The project, signed by MAWANI at a value exceeding SAR 689 million, aims to implement a direct link between Jeddah Islamic Port and Al-Khumra Logistics Zone, via a 17-km route dedicated for trucks, according to a statement by the authority. The corridor features two lanes in each direction and 12 suspension bridges. This should help reduce traffic congestion across the region, eliminating the need for using intercity transportation. This initiative is bound to boost Jeddah Islamic Port's operational capacity by 10%. Supporting supply chain operations, developing infrastructure, facilitating the movement of goods and containers, and bolstering operational efficiency are also among the key upsides. In addition, it will contribute to the introduction of new investment opportunities in the region, said Al-Jasser. According to data available with Argaam, MAWANI signed, in 2023, an agreement with Jeddah Chamber to establish an integrated logistics zone in Khumrah, southern Jeddah, at an investment value of nearly SAR 1 billion. Khumrah Logistics Zone, spanning 10 million square meters, is slated to be one of the biggest logistics zones along the Red Sea coast.
Argaam
23-06-2025
- Business
- Argaam
MAWANI signs SAR 2.2B privatization contracts for cargo terminals
The Saudi Ports Authority (MAWANI), in partnership with the National Center for Privatization & PPP, signed build-operate-transfer (BOT) contracts with national partners - Saudi Global Ports (SGP) and Red Sea Gateway Terminal (RSGT) - at an investment value of more than SAR 2.2 billion for multi-purpose cargo terminals at eight ports across the Kingdom. Under the 20-year agreements, SGP will develop, operate, and manage multi-purpose terminals on the East Coast, including King Abdulaziz Port in Dammam, Jubail Commercial Port, King Fahd Industrial Port in Jubail and Ras Al Khair Port, MAWANI said in a statement. On the West Coast, RSGT will handle the development, management and operation of multi-purpose terminals at Jeddah Islamic Port, Yanbu Commercial Port, King Fahd Industrial Port in Yanbu and Jazan Port. The contracts include investments in modernizing terminal infrastructure and equipment at King Fahd Industrial Port in Yanbu through upgrades that will feature RTG and STS cranes, reach stackers, and new trailer fleets, which is expected to improve truck turnaround times, reduce ship dwell periods, and enhance overall cargo handling efficiency. During the signing ceremony, Minister of Transport and Logistics Services and MAWANI's Chairman Saleh Al-Jasser said that the increased investments from the private sector reflect the attractiveness of Saudi ports and the logistics sector. He added that the sector is currently witnessing wide and diversified investments in infrastructure, driven by significant interest from leading global and national logistics companies.
Daily Tribune
22-04-2025
- Business
- Daily Tribune
Vision Golfe 2025 to strengthen France-GCC strategic partnership
As the global economy undergoes major transformation, Vision Golfe 2025 is set to reinforce the strategic partnership between France and the Gulf Cooperation Council (GCC) countries. Scheduled for 17–18 June in Paris, the forum will convene senior government officials, business leaders, and investors to explore opportunities in economic cooperation, innovation, and sustainable development. Under the theme 'From Bold Visions to Concrete Impact: A New Era of Cooperation,' the third edition of Vision Golfe will focus on translating strategic ambitions into actionable outcomes. The agenda spans ten key sectors including energy transition, AI, healthcare, smart infrastructure, and food security. Featured sessions such as 'Blueprints for 2030' and 'Innovating for Sustainability' will spotlight joint efforts to tackle climate challenges, drive innovation, and foster resilient economic ties. The 2025 edition builds on the success of Vision Golfe 2024, which drew over 1,200 participants and yielded significant outcomes, including cooperation agreements between MAWANI and the Grand Port of Marseille Fos, and a new 'France Lab' at Abu Dhabi's Mohamed Bin Zayed University of Artificial Intelligence. France, a leading destination for foreign investment in Europe, aims to position the forum as a strategic gateway for Gulf investors seeking access to European markets. The event will highlight investment opportunities in key sectors and facilitate cross-border partnerships. In 2024, trade between France and the GCC reached Euro 20.9 billion, led by strong ties with the UAE and Saudi Arabia. This economic relationship is further underpinned by shared goals in industrial innovation, education, and sustainable development.
