Saudi Mawani Signs $170 Mln of Deals to Boost Jeddah Islamic Port

Saudi Mawani Signs $170 Mln of Deals to Boost Jeddah Islamic Port

The Saudi Ports Authority (MAWANI) has signed two contracts worth more than 640 million riyals ($170.3 million) to deepen and establish new wharves at Jeddah Islamic port, state news agency SPA reported on Sunday.

This comes within MAWANI's initiatives to promote the maritime transport and logistics sector, and direct more than 160 projects to contribute to achieving substantial transformation in Saudi ports, and develop a maritime sector that consolidates the Kingdom’s position as a global logistics hub.

Saudi ports play a pivotal role in the development of local, regional and international trade.

Saudi ports have achieved the lead among 370 ports globally, with King Abdullah Port topping the 2021 edition of the global Container Port Performance Index (CPPI) developed by the World Bank and S&P Global Market Intelligence, and Jeddah Islamic Port featured in eighth place, while the King Abdulaziz Port placed 14th.