The Saudi Ports Authority (Mawani) has confirmed the launch of a new transshipment service linking King Abdulaziz Port Dammam, Khalifa bin Salman Port in Bahrain and various Far East ports. The service has been introduced in partnership with Dammam port operator, Saudi Global Ports (SGP), and the shipping line, Orient Overseas Container Line (OOCL).
The Saudi Ports Authority is seeking to raise the Kingdom’s share of the regional transshipment market from 21% at present to 50% by 2030, as well as achieving the largest share of maritime trade transiting through the Red Sea.
In another significant announcement, SGP has been awarded a concession to operate Riyadh Dry Port. Under this agreement, SGP and the rail company, SAR, will work together to raise the operational efficiency of the Riyadh-Dammam freight line and more than double the dry port’s handling capacity to 1.5 million containers annually by 2030.
SGP plans to develop and operate its Riyadh Dry Port and Dammam sea port facilities as an integrated system, to improve logistics network flow efficiencies and reduce logistics costs in the Kingdom.