Saudi Ports Authority strengthens ports development efforts under its long-term strategy
Saudi Arabia has improved its performance on the United Nations Conference on Trade and Development’s (UNCTAD) Liner Shipping Connectivity Index for the Q3-2021.
Recording the highest increase in the region on the index, the Kingdom’s rating increased to 70.68 from 70.13 in the corresponding quarter last year as a result of its sustained efforts to strengthen its logistics competitiveness and bolster its position in international maritime transport networks, it was revealed in a press communiqué.
Under the supervision of the Saudi Ports Authority (MAWANI), Saudi Arabia has sharpened its focus on further developing its ports and transportation infrastructure and expanding line shipping connectivity besides improving border and customs procedures and reducing trade costs.
MAWANI launched five new shipping routes over the past two years, including the IO3 line that was launched in January this year to link Jeddah Islamic Port with the Indian Ocean and northern European ports. The new lanes have contributed to the increase in the total volume of containers handled by 116% to reach 418,462 TEUs between January and September 2021.
“Through infrastructural upgrades and operational capability enhancements, our national ports have significantly improved the Kingdom’s maritime connectivity and competitiveness,” stated Omar Hariri, President, Saudi Ports Authority.
The UNCTAD index measures a country’s level of integration into global liner shipping networks every quarter and aims to help nations identify challenges and find opportunities to develop and improve their performance in logistics services.
Want to stay updated on the latest industry news and trends? Subscribe today to receive your monthly news highlights directly in your inbox!
