14 Hrs
Source:
الاقتصادية
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Source: الاقتصادية
14 Hrsالاقتصادية
Source: الاقتصادية
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Disruptions to navigation in the Strait of Hormuz have strengthened the role of Saudi ports as alternative routes for moving goods to Gulf markets. Global shipping companies have reorganized their routes through Red Sea ports, with onward land transport to Dammam. Container handling at Saudi ports rose 14% year on year to around 866,000 TEUs in October, while the Red Sea ports have an annual capacity of more than 18 million containers. To support these flows, the Kingdom added more than 27 shipping services with a capacity of over 200,000 containers per month. The Saudi Ports Authority invested around SAR 641 million in developing Jeddah Islamic Port over three months.
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