Latest news with #portinfrastructure
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.
Yahoo
24-05-2025
- Politics
- Yahoo
Russia attacks port infrastructure in Odesa Oblast overnight
The Russian armed forces attacked Odesa Oblast with attack drones on the night of 23-24 May. Source: Odesa Oblast Prosecutor's Office Details: It has been reported that the Russians managed to hit port infrastructure facilities. No injuries were mentioned, and information about the damage was not specified. Background: Explosions rocked Odesa on the night of 23-24 May. Support Ukrainska Pravda on Patreon!
Emirates 24/7
16-05-2025
- Business
- Emirates 24/7
DP World and Syria Sign $800 Million MoU to Develop Tartous Port
The General Authority for Land and Sea Ports signed a memorandum of understanding (MOU) with Dubai Ports World (DP World) worth $800 million, a strategic step aimed at strengthening port infrastructure and logistics services in Syria. The memorandum includes a comprehensive investment in the development, management, and operation of a multi-purpose terminal at Tatous Port, contributing to raising the port's efficiency, increasing its operational capacity, and enhancing its role as a pivotal hub for regional and international trade. The two sides also agreed to cooperate in establishing industrial zones and free zones, in addition to dry ports and freight transit stations in a number of strategic areas within the Syrian Arab Republic, reflecting both parties' commitment to supporting economic development and facilitating trade and transport. Follow Emirates 24|7 on Google News.
Malay Mail
07-05-2025
- Business
- Malay Mail
Bintulu Port inks MoU with Abu Dhabi Ports Group to boost maritime infrastructure
KUCHING, May 7 — Bintulu Port Holdings Berhad (BPHB) has entered a strategic partnership with Abu Dhabi Ports Group after the signing of a Memorandum of Understanding (MoU). The signing ceremony was witnessed by Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Openg at Khalifa Port in Abu Dhabi today. In a Sarawak Public Communications Unit (Ukas) report, the collaboration is to establish long-term cooperation in the development and enhancement of port infrastructure, maritime logistics and port-related services at Bintulu Port. 'The agreement is expected to strengthen economic connectivity between Sarawak and the Middle East, particularly in the maritime sector. 'It also opens the door to further collaboration in areas of mutual interest, reinforcing Bintulu's role as a key maritime hub in the region,' it said. The MoU was formalised through an official exchange of documents between BPHB Group Chief Executive Officer Ruslan Abdul Ghani and Abu Dhabi Ports Group Regional Chief Executive Officer Ahmed Al Mutawa. Also present were Deputy Premier Datuk Amar Douglas Uggah Embas; Sarawak Transport Minister Datuk Seri Lee Kim Shin; State Secretary Datuk Amar Mohamad Abu Bakar Marzuki; State Attorney-General Datuk Seri Saferi Ali; State Financial Secretary Datuk Seri Wan Lizozman Wan Omar; Deputy State Secretary for Economic Planning and Development Datuk Seri Muhammad Abdullah Zaidel; and Kuching Port Authority chairman Azizul Annuar Adenan. — The Borneo Post
