Saudi Arabia jumps eight places in Lloyd’s List 2023 Rankings

Saudi Arabia jumps eight places in Lloyd’s List 2023 Rankings

Riyadh: The Kingdom of Saudi Arabia was ranked sixteenth in annual container throughput by the 2023 edition of the Lloyd’s List One Hundred Ports, steadily improving on the 24th position it occupied last year.

The Minister of Transport and Logistics Services and Chairman of the Saudi Posts Authority (Mawani), Saleh Al-Jasser, stated on this occasion that the Kingdom’s remarkable leap is a direct result of the continuous support and empowerment from His Royal Highness the Crown Prince in the pursuit of fulfilling the ambitions of Vision 2030 that aim to transform the nation into a logistics leader on the global front and an engine for socioeconomic growth through capacity upgrades of up to 40 million TEUs.

As per the industry report, container volumes across the Kingdom’s ports during 2022 were estimated at 10,439,620 TEUs in a clear signal of its growing role as an enabler of international trade and driver of progress and prosperity.

The Kingdom’s groundbreaking strides in the global logistics landscape boils down to a host of critical catalysts, ranging from the addition of nine cargo services to the signing of agreements worth over 4 billion riyals with major partners to build six state-of-the-art logistics parks over the course of 2022,