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Saudi Ports Invests 5.5B During Crisis

Saudi Ports Invests 5.5B During Crisis

Investments in Saudi ports exceeded 5.5 billion riyals during the Red Sea crisis period, reflecting the continued expansion of the sector and improvements to its infrastructure. Jeddah Port and the Western Coast port have transformed into major logistical hubs for the Kingdom and the Gulf. There has been a significant increase in the movement of trucks and ships, with the number of trucks entering the port rising from around 2,000 to over 10,000 daily. Additionally, the number of ships from major global companies such as Maersk and MSC has increased. Sixteen initiatives have been implemented to enhance the port's capabilities, and more than 640 million riyals have been allocated to improve reception and container handling. As a result, Jeddah Port has become one of the region’s leading ports in terms of imports and exports, with expectations of increased transshipment volumes and cargo, driven by ongoing growth in logistics services and the development of economic zones and dedicated ports on both the eastern and western coasts.

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