Investments in Saudi Arabia’s maritime sector have exceeded SR25 billion ($6.66 billion) due to successful partnerships between the Saudi Ports Authority (Mawani) and private sector entities. This milestone was highlighted by Omar Hariri, President of the Saudi Ports Authority, during the inauguration of a new logistics zone at Jeddah Islamic Port.
Hariri emphasized that significant investments have been made over the past four years through collaborations with both national and international companies. These partnerships have led to the implementation of major projects across various Saudi ports, enhancing capacity, operational efficiency, and logistics capabilities.
“These projects include signing and operating container terminal contracts, establishing logistics zones, and providing a range of maritime services,” Hariri noted, adding that these efforts have collectively strengthened Saudi ports’ infrastructure.
Saudi Arabia’s logistics sector has seen a transformation driven by Vision 2030 and the National Industrial Strategy. With a population of 36 million and a GDP of $1.81 trillion, the Kingdom has become a key player on major global trade routes, supported by advanced infrastructure.
During the ceremony, Hariri celebrated a significant partnership with Maersk, which has made its largest global investment at Jeddah Port, totaling SR1.3 billion. This investment underscores the port’s appeal as a regional hub and reinforces Saudi Arabia’s position as a global logistics center linking Europe, Africa, and Asia.
Hariri also announced the addition of 47 new shipping routes, bringing the total number of navigational services at Saudi ports to 115. This expansion solidifies the Kingdom’s position in global maritime connectivity.
Maersk Saudi Arabia CEO Mohammad Shihab noted that the company’s investment has infused $250 million into the local economy and is expected to attract an additional $340 million. This initiative aims to enhance logistical services and establish Jeddah as a re-export hub to key markets.
Hariri also revealed that 17 logistics zones are currently under development at Jeddah and Dammam ports, highlighting ongoing efforts to advance Saudi Arabia’s maritime infrastructure.
The event was attended by Prince Khaled bin Faisal, Prince Saud Bin Mishal Al-Saud, and Minister of Transport and Logistics Services Saleh Al-Jasser. Al-Jasser emphasized the significant support provided by the Saudi leadership, noting that the ports sector is witnessing unprecedented growth in operational efficiency and international connectivity.
The new logistics zone at Jeddah Islamic Port, covering 225,000 square meters, is equipped with advanced warehouse management and security systems.
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