July 19, 2019
Middle East

Saudi Ports Authority takes steps to boost export volume

Author: arab newsID: 1545769267260962600Tue, 2018-12-25 23:20

JEDDAH: The Saudi Ports Authority (MAWANI) has decided to reduce its terminal handling charges of import empty containers at Jubail port.
It is part of MAWANIs efforts to transform the Kingdom into a unique logistics platform in accordance with the Vision 2030.
The authority has also decided to increase port demurrage or storage free days from five to 15 days to enable exporters to receive empty containers directly from Jubail port.
These decisions were made at the first board of directors meeting recently held at the authoritys headquarters.
The Kingdom is working on plans to boost its non-oil exports and the strategy adopted by the ports authority is aimed at boosting exports from all sectors.
MAWANI President Saad Al-Khalb said by taking these measures the authority wishes to contribute to improving and changing the market condition to help boost the Kingdoms overall export volume.
Maritime ports in Saudi Arabia had been receiving great attention since their inception under the Kingdoms founder King Abdul Aziz, to form one of the nations most important economic and commercial streams, as well as playing a major role in boosting its regional and international trade.

Main category: Saudi ArabiaTags: Saudi Ports AuthoritySaudi Arabia Saudi ports handle 22m tons of cargo in NovemberSaudi Ports Authority: A history of continuous support from the state

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