Saudi Ports Authority, or MAWANI, launched a new transshipment service connecting King Abdulaziz Port Dammam, Khalifa bin Salman Port in Bahrain, and various Far East ports..
The authority aims to raise Saudi’s share of the transshipment market from 21 percent to 50 percent by 2030.
MAWANI’s aims to consolidate the Kingdom’s position as a global logistics hub, as envisioned by Vision 2030.
The new service was launched in partnership with Saudi Global Ports Co. and the international shipping line Orient Overseas Container Line, or OOCL.
The new transshipment service comes as a continuation of the initiatives launched under MAWANI’s ambitious strategy that aims to increase Saudi Arabia’s links with leading global seaports around the world and attract major international shipping lines to the Kingdom’s ports.
MAWANI seeks to advance the Kingdom’s share in the transshipment market from 21% currently to 50% by 2030, in addition to gaining the largest share of maritime trade transiting the Red Sea, and attracting an additional share of transshipment operations around the world to Saudi ports through the implementation of various pioneering projects.
This will contribute to consolidating the Kingdom’s position as a global center for logistics services, in line with the objectives of the national strategy for transport and logistics services. MAWANI also aims to attract a major share of the global transshipment operations to Saudi ports by implementing several pioneering projects and initiatives.