Latest news with #SulimanAlMazroua
Arab News
06-08-2025
- Business
- Arab News
Saudi Mawani, Petrotank to establish $133m integrated ship refueling center in Yanbu
RIYADH: Saudi Arabia's King Fahad Industrial Port in Yanbu will see the establishment of an SR500 million ($133 million) integrated ship refueling center following a lease agreement signed by the Kingdom's Ports Authority, Mawani. Inked with the National Petroleum and Petrochemical Tank and Pipelines Co., the deal will see the facility developed on a 110,700 sq. meter site over 20 years, the Saudi Press Agency reported. The initiative falls in line with Mawani's drive to enhance the competitiveness of Saudi ports by developing fuel and oil tank infrastructure, which is crucial for delivering high-value logistical services, supporting increased vessel traffic, and strengthening both regional and global port competitiveness. It also supports the goals of the National Transport and Logistics Strategy, which seeks to invest more than $266.7 billion by 2030, aiming to establish Saudi Arabia as a top international logistics hub. 'This collaboration with Petrotank reflects Mawani's commitment to enhancing the attractiveness and competitiveness of Saudi ports through the expansion of services provided to shipping lines,' Mawani President Suliman Al-Mazroua said, as reported by SPA. As part of its ongoing strategic partnership with Mawani, Petrotank operates the fuel station at King Fahad Industrial Port in Yanbu. The facility houses eight tanks with a combined storage capacity of 114,000 cubic meters and plays a vital role in supporting vessel operations, SPA added. The new center represents a major advancement in fuel storage and bunkering services, aimed at attracting more vessels, enhancing efficiency, and boosting commercial traffic, thereby supporting Saudi Vision 2030's objective to strengthen the logistics sector. King Fahad Industrial Port in Yanbu is a key industrial hub on the Kingdom's Red Sea coast, recognized for its ability to manage diverse cargo types such as petrochemicals and refined products. Covering 6.8 sq. km, the port includes 34 berths and 10 terminals, with a total handling capacity of up to 210 million tonnes. Saudi Arabia's logistics sector is emerging as a magnet for global investment, powered by regulatory reforms, incentive schemes, and its alignment with the ambitious Vision 2030 agenda, according to industry experts. As the Kingdom pushes ahead with economic diversification, strengthening its transport and logistics infrastructure has become a central pillar of the program. Speaking to Arab News in July, Paolo Carlomagno, partner at Arthur D. Little, said global logistics players now view Saudi Arabia not only as a high-growth market but as a strategic regional hub for multimodal operations — spanning the Gulf Cooperation Council region, Red Sea basin, and East Africa — anchored by the Kingdom's expanding port, airport, and inland logistics network. In January, Saudi Arabia introduced 15 new incentives under the Authorized Economic Operator program to bolster its export competitiveness. These included streamlined administrative processes, dedicated account managers, and liaison officers to support investors.
Arab News
24-06-2025
- Business
- Arab News
Mawani names Al-Mazroua as new president
JEDDAH: Saudi Ports Authority has appointed Suliman bin Khalid Al-Mazroua as its new president, effective June 29, as part of its push to strengthen leadership and advance key strategic goals. Al-Mazroua succeeds Mazen bin Ahmed Al-Turki, who had been serving as acting president and played a key role in several initiatives aimed at developing logistics zones and parks across the Kingdom. Al-Turki's most recent contribution included overseeing the signing of a series of new build-operate-transfer contracts valued at more than SR2.2 billion ($586.6 million) to develop multi-purpose cargo terminals at eight Saudi ports. The appointment of Al-Mazroua, announced by Mawani's board of directors, underscores the authority's commitment to supporting the National Transport and Logistics Strategy and Saudi Vision 2030. Both initiatives aim to position the Kingdom as a global logistics hub and a leading industrial power. In a post on his X account, Al-Mazroua expressed his appreciation for the board's trust and pledged to further the authority's strategic goals. 'I extend my sincere thanks and appreciation to His Excellency the Minister of Transport and Logistics Services and Chairman of the Board of the Saudi Ports Authority, Eng. Saleh bin Nasser Al-Jasser, as well as to their Excellencies and distinguished members of the board for this generous trust,' he said. Al-Mazroua added: 'I pray to God for success in serving our blessed country and fulfilling the aspirations of our visionary leadership. I am also very pleased to work alongside my colleagues at the Saudi Ports Authority.' In a statement, the authority said that Al-Mazroua 'affirmed his commitment to advancing Mawani's strategic objectives and enhancing its performance in line with its development plans and transformation programs.' Before assuming his new role, Al-Mazroua served as CEO of the National Industrial Development and Logistics Program, where he played a key role in driving economic diversification and enhancing infrastructure in key sectors, including industry, mining, energy, and logistics. 'He also played a key role in stimulating investment in these sectors with the aim of increasing their contribution to the Kingdom's gross domestic product, promoting innovation, enhancing local content, and advancing the Fourth Industrial Revolution,' the statement added. With more than two decades of professional experience, Al-Mazroua has held several senior leadership positions, including at Saudi Aramco from 2001 to 2017. Over the years, he progressed from technical roles to executive leadership, contributing to the establishment of research and development centers, strengthening cybersecurity frameworks, and advancing health care sector initiatives. He also worked at US-based Aruba Networks from November 2006 to July 2007 and previously served as a quality assurance engineer at California-based Caspian Networks. In addition, Al-Mazroua led the National Transformation Program and the Delivery and Rapid Intervention Center, where he contributed to planning, monitoring, and accelerating the implementation of development initiatives in support of Vision 2030. He is also a member of several boards, including the Center for the Fourth Industrial Revolution in Saudi Arabia and Marafiq Co.
