Mawani’s $3.5bln projects cement Saudi leadership in logistics

Mawani’s $3.5bln projects cement Saudi leadership in logistics

Saudi Ports Authority (Mawani) strengthened the maritime and logistics sectors, contributing to the kingdom's exceptional leaps in international indicators and solidifying its position as a global logistics center.

In the logistics efficiency index by the World Bank, the Kingdom climbed 17 ranks to reach the 38th position out of 160 countries, said a statement from Mawani.

The achievements included the establishment of 8 logistics parks, the introduction of 28 new maritime services, and the receipt of 7 regional and global awards, it stated.

According to Mawani, these advancements align with the targets of the National Transport and Logistics Strategy (NTLS).

The kingdom witnessed progress in various international rankings, including container handling and logistics efficiency. It jumped 8 ranks in container handling, reaching the 16th position out of the largest 100 ports worldwide, according to "Lloyd's List."

In the logistics efficiency index by the World Bank, the kingdom climbed 17 ranks to reach the 38th position out of 160 countries.

Furthermore, KSA made significant progress in the Liner Shipping Connectivity Index, achieving the highest regional advancement through "Mawani," according to the UNCTAD report.

The index recorded 79.01 points in the fourth quarter of 2023, compared to 77.66 points in the previous quarter.

In terms of enhancing the attractiveness of