Consolidating its status as a key contributor to the Saudi economy, King Abdullah Port continued its impressive growth record in 2021, achieving a high double-digit increase in cargo throughput.
Container volumes were up by a highly impressive 31%, at 2.8 million TEU, compared to 2.15 million TEU in 2020. The Red Sea port also achieved a 15% increase in bulk and general cargo traffic, handling 3.83 million tons compared to 3.33 million tons in the previous year.
Commenting on King Abdullah Port’s performance in 2021, CEO Jay New, said: “We are proud of our achievements during a challenging year, not only improving our track record on all fronts but also enhancing our contributions to the national economy. We are confident that the new year will bring us more promising opportunities and success.”
Over the past year the port has introduced an international in-transit cargo service supported by inland transportation between Saudi Arabia and the GCC countries, reducing lead-times and costs “significantly.” The port also established a marine office in partnership with Al Salem Johnson Controls – York to offer vessel maintenance and repair services. The Maersk Hub, a non-bonded warehouse and the Kingdom’s first petrochemical hub, established in partnership with Maersk, is another key milestone in the port’s efforts to serve Saudi Arabia’s petrochemical exporters better and facilitate the storage of export cargo.
Strategically located on the Red Sea coast in King Abdullah Economic City, King Abdullah Port is claimed to be the Middle East’s first privately owned, developed and operated port. Once fully completed, King Abdullah Port will be capable of handling 25 million TEU, 1.5 million car units and 25 million tons of dry bulk cargo annually.